US INAUGURATION & BTC
As the second Trump era begins, this is how Bitcoin looks:
- BTC new ATH in the run up to inauguration and highest ever weekly close. I believe this was in anticipation for Trumps acceptance speech to mention Bitcoin and or the strategic reserve. That did not happen and so we've seen a selloff wick down to Midpoint with price settling at 0.75 in the range.
Typically, wicks get filled and so I would like to see price steadily reach the midpoint and then begin to show some strength before looking to go LONG. That all changes if we see a crypto specific executive order signed in the coming hours/days we should then see a move back to the highs.
- 4H 200 EMA is always an important level for the Bullrun, the vast majority of altcoins are under the 4H 200 EMA thanks to liquidity being drawn out into BTC and Solana memecoin craze.
- Bitcoin is still leading the greater market but I do expect rotation into strong US based altcoins within the next few weeks going into the later part of Q1. Some key alts that fit that category are SOL, SUI, LINK, ONDO, XRP, ENS, and many more.
It's important to remember this is a marathon not a sprint and I fully expect progress to be made but it may not be linear, until we have broken out of the range in the chart and move into a clear trend environment BTC should be treated as such by trading instead of buying and holding.
- BTC new ATH in the run up to inauguration and highest ever weekly close. I believe this was in anticipation for Trumps acceptance speech to mention Bitcoin and or the strategic reserve. That did not happen and so we've seen a selloff wick down to Midpoint with price settling at 0.75 in the range.
Typically, wicks get filled and so I would like to see price steadily reach the midpoint and then begin to show some strength before looking to go LONG. That all changes if we see a crypto specific executive order signed in the coming hours/days we should then see a move back to the highs.
- 4H 200 EMA is always an important level for the Bullrun, the vast majority of altcoins are under the 4H 200 EMA thanks to liquidity being drawn out into BTC and Solana memecoin craze.
- Bitcoin is still leading the greater market but I do expect rotation into strong US based altcoins within the next few weeks going into the later part of Q1. Some key alts that fit that category are SOL, SUI, LINK, ONDO, XRP, ENS, and many more.
It's important to remember this is a marathon not a sprint and I fully expect progress to be made but it may not be linear, until we have broken out of the range in the chart and move into a clear trend environment BTC should be treated as such by trading instead of buying and holding.
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