Trench Brief No. 31: BTC is holding steady above $113k with RSI mid-50s, a sign momentum is cooling but not breaking. Consolidation here sets up room for either a breakout or retest if volumes shift. ETH is drifting in neutral territory around $4.1k, struggling to front-run BTC moves. Watch for flows into ETH/BTC as a tell on whether rotation is brewing. DXY continues to creep higher. With RSI pressing into the low 60s, it’s acting as a quiet headwind for risk assets. If dollar strength extends, it could cap crypto rallies near resistance.

From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments