BlaedTrading

The Ripple seems to be moving in the same direction like the Eth, cause the analytical framework seems identical and looks the same, but the for four most stable leading coins follow each other as the take lead from the over ring leader bitcoin, all the four stable coins are still on a short retracement downward but the question is if the movement downward would hold.

After the quick fall below $4000, in value, the second in command on the coin market sharply went back to its original position and currently trades around $4100, but the overall direction is bullish as considered the altcoin season. But the question is, will it hold? Or continue pushing above or below well, for now, we can only sit tight on our hands, as my Bias remains bearish for the short term, and I look forward to taking sell trade positions as the price continues to push further in that direction. As usual, my calls or analysis are based on what we see, the current Bias, and from a probability standpoint, meaning that this projection may be or may not be validated, so tread carefully, and as usual, this is not financial advice, trade responsibly.

The top leading coin has been bullish since the onset of this year. As of April, the digital coin reached an all-time high in value, increasing in value to approximately $120,000. which shortly after a few weeks into its new performance retraced back down, and ever since, the markets have remained below as the price has been moving to find balance and fill orders and liquidity gaps left while moving up in value, thereby finding fair prices between supply and demand before deciding a new direction of movement. The question is, will the price remain lower or find balance and resume its increase in value as it started in the early days of April 2025?

As usual, Price did it thing yesterday as it invalidated our step-up by moving back up and is currently trading around 117,000+ above a balance area within the range from 114,000 - 116,000. Price trades currently at 117,000 within the London open, and on a short retracement downward as we watch if the price is going to stay above the balance or go back into the previous range.

The second in command in the crypto market is Eth, just broke a structure back into a previous Balance Area, which may mean price could be static for sometime and the Pair takes its lead and direction from its Head BTC, which is also on a downward move, but the overall direction of the market is Bullish, and currently price is within a previous range i expect price to stay within this range (Balance) lets see what price would do next.

As previously stated, Bitcoin is respecting structure and direction based on previous analysis, which suggests sellers are still in control, but in the short term, as we are headed further downwards, keep watching! {Not Financial Advice, trade responsibly}

Price is currently between the range of 116,000 and 114,000, as sellers just broke a previous swing low around 114,000, which signals a downward shift towards 113,500 as a projection, but we anticipate a retracement back up around 115,500 before resuming movement downwards.

The GOLD is on a short-term reversal, but it is expected to resume a new uptrend.