CatsThatDon'tUnderstandTrading

$BTC $ETH Weekly Analysis Update:
This week's theme: Market Reversal
BTC Weekly Chart Analysis:
Last week broke through the Range High (71,200), successfully closing above it.
69K - 71K shifted from the Supply ( supply zone ) to the Demand ( demand zone ).
Scenario 1: If BTC closes above 79.5K, which is above the 0.5 level of the 60K - 98K Fibonacci retracement, then BTC will experience rapid expansion.
Scenario 2: If BTC closes back below the Range High (71,200), then at minimum, BTC will retest important liquidity levels below that have not been tested yet (62K, 60K).
ETH Weekly Chart Analysis:
ETH remains relatively strong compared to BTC, as seen from the ETH/BTC trading pair.
2.1K - 2.2K shifted from the Supply ( supply zone ) to the Demand ( demand zone ).
Scenario 1: If ETH closes above 2.57K, ETH will undergo rapid expansion.
Scenario 2: If ETH closes back below the Range High (2.1K), then at minimum, BTC will retest important liquidity levels below that have not been tested yet (1.79K, 1.74K).
ETH/BTC Weekly Chart Analysis:
The ETH/BTC pair has two significant implications:
1. The relative strength or weakness of ETH compared to BTC.
2. If ETH is strong relative to BTC, then altcoins other than ETH are very likely to experience a wave of expansion. Conversely, if ETH is weak, the same applies in reverse.
Last week, the weekly close was above the ETH/BTC consolidation zone Range High, indicating ETH remains strong against BTC. We need to continuously monitor this momentum.

$DOGE $CRV $ADA And AVAX and other weekly-level extreme compression.
Since the crash on February 6th, the overall trend of altcoins has been oscillating within a range.
For example, DOGE, CRV are currently in extreme compression of a triangle pattern.
For example, ADA, AVAX are consolidating at the lows of the previous bear market cycle.
These coins, unlike BTC and ETH, have sufficient order book liquidity. So, if an extreme compression breaks out, the momentum could be strong (meaning it’s very easy to pump).
Stop-loss point: Hold the consolidation/triangle compression zone, at the lowest point (also watch out for false breaks at the lows).
Of course, don’t expect altseason to multiply X times.
There are many such coins, you can look around, but it’s still recommended to focus on coins ranked within the top 100 or 50.
‍$DOGE $ADA $CRV

Weekly Line Analysis:
Last week's high point in the range was once again a false breakout$BTC .
Indicating that in the context of a bear market, upward movement is more likely to fail or only be a short-term rally.
Trading within the range should be cautious, as the market is heavily influenced by geopolitical factors, with high volatility, and range trading often results in stop-outs.
Scenario 1: The key point above is the previous high SH (76K), where there is a large amount of liquidity.
Scenario 2: The rally is blocked, and after retesting the range high (71690), it continues to decline.
If the market moves upward, it will most likely need to first acquire the two key liquidity points below.
Key liquidity point 1: 62471
Key liquidity point 2: 60118
After acquiring these two critical liquidity points and then performing a false breakdown, the market could see a strong upward wave.
Weekly Line Analysis:
ETH is relatively stronger compared to BTC. Last week, it stabilized above the range high.
But still, does ETH have an independent trend at this stage? I think probably not.
ETH's consolidation trend still follows BTC.
Scenario 1: If BTC breaks through the previous high, ETH will also break through its previous high and enter a critical zone (2.4K - 2.5K).
Scenario 2: If BTC falls back into the range, ETH will also follow BTC back into the range (Range High: 2157).
ETH also has two key liquidity points below:
Key liquidity point 1: 1800
Key liquidity point 2: 1742
Like BTC, if these two key liquidity points are acquired and then a false breakdown occurs, the market could see a significant upward move.

$HYPE Update:
🚗Move the stop-loss position to: 37.74
🎯Partial take-profit operation at the target: 40.5
Here is the analysis:
Since the price has already reached the Fibonacci golden zone (0.618-0.66) and VAH, partial profit-taking is performed.
Then let the price continue to develop, so even if the price drops to KSL (key previous low) 37.74, we are still profitable.
$HYPE

$HYPE Update：
🚗 Mobile Take Profit: 35.76 （even if the stop-loss is hit, it is still in profit）
🎯 Partial Take Profit Target: 40.247
Below is the analysis:
In our previous post, we successfully went long on HYPE. Later, we moved the take profit to SL2BE (break-even), so even if the market doesn’t go as expected, we won’t lose.
As the market continues to develop, HYPE on the HTF ( higher time frame ) has broken through the 0.328 level, and is currently retracing.
There is a very high probability of entering 0.618 (40.247), and here we will take partial profits.
At the same time, we move the take profit and stop loss upward, moving it slightly closer to 35.76. This way, even if the market suddenly turns downward, we remain in profit.
‍$HYPE