Pigster Crypto

Thoughts on the current market happening. After 9 weeks $BTC  is finally gaining momentum and we believe $67k will remain a key level to jump over here. 

Even a rejection here would probably mean the momentum is over as long as we keep forming higher lows, that would be around the $63-$64k this time around.

The real alt season will begin when $ETH breaks the ETH/BTC breaks the bearish trend. Just a few green candles and we can be there.

As for our strategy, we are still fully allocated to stablecoins. Next week can come very bearish, even though ETF ETF rejection is already very much priced in here.

We are closely monitoring the markets, waiting for a good position on $BTC and alts. Not FOMOing in now on a major resistance point. 

Have a great weekend everyone!

CPI a bit lower than expected. High volatility is to be expected, fasten your seatbelts.

Bitcoin testing its 4H 200MA/EMA again which have held the price down so many times now. This is expected to be rejected again. We are just 8 days from the first ETH ETF fillings.

Also CPI & Retail Sales report in 15 minutes.

Let's see what we get today!

Crypto Daily RSI Heatmap showing a big decline across the board.

The average RSI now sitting at just ~40 which is nearing the weak/oversold region.

Yesterday’s ETF Flows came in at +$100.5M.  

• IBIT saw net flows of $0M. 
• FBTC saw net flows of $8.1M. 
• GBTC saw net flows of -$50.9M.  
• ARKB Took in $133.1M which was quite a big increase.

No numbers like before but we did get 2 positive net flow days this week.

Meme coins pumping again. This cycle has been so far very narrative driven.

What do you think, which will be the next crypto narrative.