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BTC stayed flat this week at 60k (currently 60368), but the market internals this week made me a bit uneasy.
GLM flipped from +5.5% to -9% in a single day, the intraday reversal eating all the gains. OSMO dropped 5.3% in an hour with volume, breaking below all recent support. STRAX pumped 8%, but with such a big move in one day, chasing it means catching the falling knife. ETH is still lying at 1580, and someone from the former ETH Foundation came out to warn about a funding gap — that's scarier than the price drop.
Resistance above at 61000, 62500; support below at 59000, 58000.
DOGE and HYPE are the biggest losers this week. CoinDesk's headline said AI stocks are sucking up liquidity, and I think that's the truth. AAVE/SOL ecosystem is one of the few survivors this week.