📉 Market Dip or Discount? Sunday Alpha Report!
The crypto market cap has slipped slightly to $2.98T, and we are seeing some "Sunday Red" across the board. But for the disciplined trader, red candles are just data points. While the Fear & Greed Index sits at 35 (Fear), smart money is looking for levels, not feelings.
Here’s the technical breakdown of today’s biggest opportunities:
🟠 Bitcoin ($BT): The $88K Floor
BTC is currently trading around $88,455.
The Analysis: We’ve seen a 1.30% slide in 24 hours. Historically, $88,000 has acted as a "demand zone" where institutional buyers step back in.
Opportunity: If we hold $88,000 on the 4H chart, look for a relief bounce toward $89,600. A break below $88k could see a quick wick down to $86.5k to sweep liquidity.
🟣 Ethereum ($ETH): ETF Outflow Pressure
ETH is facing some headwinds following significant spot ETF outflows ($611M this past week), now trading at $2,935.
The Analysis: Price is currently hugging the lower Bollinger Band. The RSI is dipping into "Oversold" territory on smaller timeframes.
Opportunity: Watch for a "V-shape" recovery if it touches the $2,880 support level. This is a classic "Buy the Blood" zone for swing traders.
🚀 Today’s Breakout Stars (Movers)
While the majors are cooling, these "hidden gems" are defying the trend:
$NOM (+115%) &
$ZKC (+70%): Leading the market today with massive momentum.
$ENSO (+69%): Continuing its explosive run.
Trading Tip: For these high-flyers, don't enter at the top! Use the Fibonacci Retracement tool and look for entries at the 0.618 level for a continuation play.
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