12hr continues to fire green as the bulls strike back with an attack at the most important level, 10k! Currently we have a double top rejection and a break on upward support and currently shooting for the retest to see if old support can become new Resistance.
Lots of alts have popped off an ran hard, while still a lot sit in accumulation rock bottom lows. Definitely massive amounts of accumulation on alts and I don't see how anymore of the the alt supply could get shaken out. I can't imagine selling alts here, could you?
But, if 10k were to hold I strongly believe this market could stay ugly with anticipation of a massive drop on btc price. If this were to happen btc would just be another bear party in the making.
Based off the situation with alts though I have strong hope! Would love to see this breakout more than anything! Very critical times.
Currently the weekly, 2 week, monthly are all green. It's just that Resistance slope that is keeping me on a conservative approach. Walk with it, don't rush.
I'm heavier with alts vs btc.
Best of luck to you all with your trades today, have a great day! ✌😁