Mike-BTD

APT needs to hold this level. Below this horizontal support, the price gets into dip discovery. This is the last line in the sand. Retail is not buzzing about it, and its institutional vibes are not attracting mindshare. Momentum is not in favor of the bulls, but RR is at its best.

ZORA is still looking strong, but without the rest of the market getting a turn around it will be difficult for Zora to sustain the move up, never mind continue. The current consolidation is symmetrical-triangular in nature; however, the strong wick sell pressure and the signs of divergence on momentum do not look good. Being defensive of any gains would be wise.

BTC needs to show some strength here, as if it breaks down below the horizontal support defined by the current lows, a LL will be printed. A LL will confirm bearish intent, particularly if it is backed by volume. The trend oscillator, although lagging, remains bearish, and Momentum oscillators are indicating potential volatility to the upside as the bulls attempt to respond.

BNB price action is very overbought. There is a class A bearish divergence in momentum, suggesting that a consolidation or retracement could be in play soon. The FUD on Binance has also permeated throughout the market, causing the perfect storm to amplify sell pressure. Stay neutral and focus on the chart.

NEAR is showing strength by holding the range and shaking of the flush like nothing happened. As long as PA is within range, a breakout still could be planned for. A bullish reversal would require a CHOCH that confirms a HH, and BOS to the downside would require a confirmed LL. Patients.

ETH is the signal, the way forward, the only thing that could indicate a rotation of capital. The current data provided on the chart suggests that ETH is still fighting to reclaim previous price action. Cup and handle, bull flag, whatever the thesis, just be prepared.

GALA is one of the largest and most memorable gaming projects of the last cycle. Could it be the leading indicator for this cycle, or has its time passed? Regardless, a trader looks for a market structure that provides a setup where risk management can be applied. A floor price offers such a setup.

RED price action is clearly being manipulated for whale accumulation. Bottom prices may never come again; taking advantage of 2nd opportunities is key. The current market structure is not providing an edge. Spot accumulation is ideal.

KTA is approaching the range lows where the best RR is. Invalidation is clear; one would be bidding at the bottom of the range and from a position of strength. Watch list material as it becomes oversold.

BTC is reacting at the previous low, but a reaction is not enough, particularly one that offers little to no edge other than RR. 1D is almost oversold, which is usually where the majority of the dip comes in, resulting in the best buy-the-dip opportunities. Just be prepared for good opportunities