Key insights

• 📉 📉 The market shows signs of bottoming out, with positive signals detected in weekly and daily charts indicating potential upward movement.
• 📊 📊 Recent volatility has been notable, with Bitcoin potentially dropping to the $69K-$72K range before stabilization.
• 📈 📈 CME gaps, which represent fair value, often fill after market hours and can act as accurate predictors of Bitcoin's price movements.
• 💵 💵 USDT dominance inversely affects Bitcoin, where higher USDT dominance indicates potential market corrections and is vital for monitoring flows.
• 🚀 🚀 Despite traditional mid-summer weaknesses, the potential exists for Bitcoin to reach $200,000, contingent on market catalysts.
• ⚠️ ⚠️ High sell pressure exists in the cryptocurrency market, with caution advised for altcoin investments, focusing on those with solid revenue models.
• 🔍 🔍 Emerging trading patterns suggest Sundays might be sell-off days, while Wednesdays could see increased buying activity, indicating market sentiment shifts.
• 💡 💡 Institutional investors remain on the sidelines, indicating that a significant market rebound could be on the horizon as conditions improve.

Q&A

• What trading patterns should I be aware of? 📅

  Brett points out that current trading patterns suggest Sundays often experience sell-offs, while Wednesdays see increased buying activity. Key indicators, including the early reversal indicator (ERI), along with TSI and RSI, hint at a potential upcoming rally, as markets are currently oversold on the weekly chart. This information is essential for making informed trading decisions.

• What altcoins should I consider in the current market? 🔍

  In the current market, there is notable sell pressure for Bitcoin and Ethereum, while altcoins show potential strength, with Solana being an interesting option. However, caution is advised when investing in altcoins; it's crucial to focus on those with strong revenue models. The market excluding Bitcoin and Ethereum (Total 3) is displaying encouraging support levels, indicating potential for an altcoin season.

• Is there a potential for Bitcoin to reach $200,000? 💰

  Yes, there is discussion about the possibility of Bitcoin reaching $200,000 by year-end. Key indicators include monitoring Tether dominance and market structure, particularly for bullish signals. Observations highlight that higher lows are crucial for market stability. Furthermore, signs of an emerging altcoin season may impact Bitcoin's rally potential moving forward.

• How might the cryptocurrency market trend in the near future? 🔮

  Brett suggests a potential downward trend in cryptocurrency might continue, flushing out margin traders, followed by a sideways movement in April. He anticipates a potential rally beginning around May or June, particularly monitoring Tether's dominance for insights into Bitcoin's performance. Historical trends indicate Tether dominance inversely correlates with Bitcoin, which could signify money flow in and out of the crypto market.

• What is the significance of CME gaps? 📉

  CME gaps are significant indicators in the market, particularly for Bitcoin. They represent fair value gaps that often fill post-market hours. Unfilled gaps tend to attract price action, making them predictive tools for future price movements. Historical patterns show a high probability of gap filling, indicating that current unfilled gaps may suggest potential future drops in Bitcoin's price.

• What are the signs of the market bottoming out? 📊

  Brett from Moonstream discusses recent market trends that indicate the potential for the market to be bottoming out. He highlights positive signals visible in the weekly and daily charts, suggesting that the market may see a stabilization after experiencing recent volatility and drastic price changes.

• 00:00 Brett from Moonstream shares a market update, indicating signs that the market may be bottoming out. He discusses market trends, including Bitcoin, and humorously addresses recent volatility and economic strategies.
• 02:34 The discussion highlights the concept of CME gaps, particularly in relation to Bitcoin and the IBIT, suggesting that these gaps serve as significant indicators of market behavior. There is an observation that unfilled gaps tend to draw price action towards them, acting as a predictive tool for future movements in Bitcoin's price. 📈
• 05:40 The speaker discusses the potential for a downward trend in cryptocurrency before stabilizing and eventually experiencing a rally, emphasizing the relationship between USDT dominance and Bitcoin's performance. 📉
• 08:46 The potential for a significant Bitcoin rally exists, despite typical mid-summer market weakness. Indicators suggest observing Tether dominance and market structure for better predictions. Altcoin activity may indicate a shift.
• 11:39 Currently, there's significant sell pressure in the cryptocurrency market, particularly for Bitcoin and Ethereum, with altcoins showing potential strength. Solana stands out as an interesting option amid possible market shifts. Caution is advised when choosing altcoins, focusing on those with solid revenue models. Institutional money is waiting for the right opportunity, which could signal a market rebound soon. 📈
• 14:34 📈 The market shows signs of potential bullish movement with indicators aligning, particularly on the weekly and daily charts. Observations on trading patterns reveal Sundays may be sell-off days, while Wednesdays may see more buying activity.