Currently, we are trading in a range between 101K and 104K, a key zone that will give us clues about the next big move. At this point, I see two possible scenarios:
1️⃣ We break 104K and look for the next resistance at 107K. If we manage to break above this level with strength and volume, we could see further upside momentum. This would open the door to a possible continuation of the rally, attracting more buyers.
2️⃣ We revisit 101K ahead of an upward move. A pullback to the lower end of the range would give us an opportunity to assess the strength of support. If it holds firm, we could see an accumulation before a further upside breakout attempt.
⚠️ The traditional market backdrop and the independence of cryptos.
One interesting thing is that the poor performance of the stock markets has not significantly affected cryptocurrencies. This makes me think that the correlation between traditional assets and crypto is weakening.
There are two sides to this phenomenon. On the one hand, it is positive because it means that more investors are seeing cryptos as a standalone asset, which could attract more liquidity to the market. On the other hand, the entry of new players always generates sharp movements, and the whales will take advantage of this to shake up the market and take the weaker players out of play.
📌 The outlook remains volatile, but the opportunities are there. Staying informed and acting strategically is key.
What do you guys think, will we see a break of 104K or will we visit 101K before moving higher?
I'll read you in the comments.
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Hello 👋 my name is Jelvys Triana and I am an Industrial Engineer in Cuba, cu. I invite you to follow me. When I'm not watching crypto news or trading, I'm studying programming and web application development with javascript, python and MySql.
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