ALTSEASON IS COMING! $BTC chart + FOMC Looking at the #BTC chart, we see an interesting setup. In my previous review, I pointed out a rebound zone with a target of 116 - 118k. This scenario remains the main priority, with high probability. Negative scenario: consolidation below 109k would increase the risk of a move toward 105k to grab liquidity. For now, the priority remains long. The crypto market is showing signs of life, with everyone waiting for the FOMC meeting on September 17 - this will be a key driver. Funding: in zone 1 it was mostly negative, in zone 2 roughly at parity - a good signal. For growth and fueling euphoria, parity between longs and shorts is enough. Big players are accumulating liquidity local highs, making a move to 116–118k very likely. Possible scenarios after the FOMC: ➣ Rate cut → bullish. Local pump, stop-hunts, correction, then a V-shaped reversal higher. ➣ No cut → bearish. Dump, shorts pile in, stops get taken, then reversal higher. Conclusion:...
ALTSEASON IS COMING!
OTHERS.D 1D
There’s a squeeze happening around 8%. I won’t overhype it, but alts are looking decent even during $BTC drop.
On 4H timeframe, there’s also a squeeze and a wedge forming. Considering that alts have been consolidating for half a year - just like in 2020 - there’s a high probability of a breakout and alt growth.
Back in 2020, we also had six months of choppy action with +30% pumps and - 20 – 30% corrections, but in the end the market was just moving sideways.
$ETH $SUI $SOL $XRP $LINK $AAVE $ONDO
--------
15.03K
22
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.