20 June, 2024

The market went to close the gap from Tuesday on the CME, but an hour later than I indicated in my review yesterday. The formal reason was bad US data, mainly the weekly US jobs report which was stronger than expected, which through the Fed's prism indicates that rates should remain at current levels.

BTC is forming a triangle on the hourly timeframe, so we can expect high volatility again tomorrow, as the exit will be to one side or the other. As long as BTC remains below $66,000, there is a high probability that it will renew the low from last week ($64,000).

FET, OCEAN, AGIX continue to outperform the market, and even after starting to fall in line with the rest of the market, corrected weakly. These are the strongest averages in recent days.

BOME and PEPE also showed good momentum. SHIB and DOGE remain well capitalised but with low volatility.

Liquidity is now in WIF, PEPE, BOME, MEME, they are more or less going for BTC with 3-4 times higher volatility.

Circle CEO Jeremy Aller made a presentation that in 10 years, 10% of all money on the planet will be in steel coins, now they are 0.2% of all money on the planet.

At the same time, according to Visa, there are currently about 31 million users of stablecoins.

BTC dominance fell yesterday and stabilised. That's a good signal. Liquidity could return to alts in the next wave of BTC growth.

I see a rebound before the US market opens tomorrow as a base case.

SOL still has unclear momentum, it is not bouncing too actively, not the best token for a bounce.

If we see growth in BTC, PEPE is already off to a low start. And of course ETH.