“In cryptocurrency, information is king and clarity is a rare commodity. When social media goes wild at the slightest spike, graphs wobble, and self-proclaimed “experts” panic, how can you keep track of everything? This is where professional trader Cara’s weekly analyzes on Steady Lads come in handy. And indeed, after a recent period of high volatility (the “flash crash”), the cryptocurrency market is now sinking […]”, — write: businessua.com.ua
In cryptocurrency, information is king and clarity is a rare commodity. When social media goes wild at the slightest spike, graphs wobble, and self-proclaimed “experts” panic, how can you keep track of everything? This is where professional trader Cara’s weekly analyzes on Steady Lads come in handy.
Indeed, after a recent period of high volatility (the “flash crash”), the cryptocurrency market is now sending a set of mixed and conflicting signals. This structural indecision makes navigation difficult and emphasizes the need for thorough technical analysis with priority time frames. This week’s in-depth analysis by Steady Lads, the premium section of Journal du Coin, highlights important support and resistance levels. A small sample.
Bitcoin (BTC) the leading indicator in the ecosystem, perfectly illustrates the current climate of caution. The price managed to close on the weekly timeframe exactly at the support level leaving open the possibility of recovery should macroeconomic conditions improve.
However, the lower timeframes show a different picture. 3D analysis reveals unstable behavior : the price successively made a false bullish breakout of the initially established range, followed by a false bearish breakout. This absence directional confidence results in disorderly volatility that encourages observation rather than aggressive positioning. The current retest of former support as resistance at H4 confirms the absence of a clear buy signal.
Ethereum (ETH): Psychological threshold of $4,000 Attention naturally goes to Ethereum (ETH) whose behavior particularly vividly demonstrates market tension.
The analysis shows that the closing of the week took place on the main support level is $4000 which is a crucial psychological and technical level. Support of this level on a weekly basis is a dominant and constructive technical element. Nevertheless, the 3D timeframe signals about short-term instability with a close below $3900. This divergence requires increased monitoring. Analytical approach emphasizes the principle predominance of higher timeframes (W > 3D) justifying tentative maintenance of exposure, while recognizing that this short-term weakness poses a risk if the $3,900 threshold is not quickly recovered.
Solana (SOL): Technical rebound and sustained resistance The altcoin market, which is generally more sensitive, is also showing mixed signals. Altcoins vs Bitcoin Index confirms that altcoins show low performance compared to Bitcoin, bouncing off the area that is currently acting as resistance.
In particular, Solana (SOL) carried out accurate technical rebound from its weekly support (which corresponds to the maximum of the previous cycle). This movement supports the bullish structure on longer timeframes. However, the price in 3D remains stuck below the $200 resistance level . This level is a crucial friction zone: a deviation at this point could negate the momentum of the weekly rebound and signal deeper structural weakness.
In an environment where signal matching is rare, patience is the optimal strategy . As a reminder, Kara and Steady Lads’ goal is to help you build a strong long-term portfolio. To do this, Kara, a professional trader, opens the door to her own $100,000 portfolio and her comprehensive weekly report.
If you want to stop following the market and start understanding it, don’t delay. The adventure begins here and now.
Source: journalducoin.com
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