Crypto DeFi

Current watchlist for next week: EURUSD (bullish breakout retest), GBPJPY (sell the rally at 197.50), XAUUSD (buy dip at 2,290), BTC (hold above 67k for continuation), Bank Nifty (range 47,200-48,400, trade the extremes). Levels marked, alerts set. Ready.

Polygon (MATIC) breakout from a 3-month descending wedge. This is a high-probability reversal pattern. Volume confirmation on the break. Target is the previous swing high at $0.95. Aggressive SL below the wedge at $0.62, conservative SL at $0.58.

Bitcoin dominance chart is crucial. When BTC dominance rises, altcoins bleed. When dominance falls, altcoin season is starting. Currently at 54% and rising — this is not the time to go heavy into altcoins. Wait for BTC dominance to peak and reverse.

Solana (SOL) — the higher timeframe structure is very bullish. Weekly chart shows a series of higher lows since the 2022 bottom. The current consolidation between $140-160 looks like a launching pad. Targeting $200 on a breakout. SL below $128.

ETH/BTC ratio is at 0.054, the lowest since 2020. Historically, when this ratio is this depressed, Ethereum outperforms Bitcoin in the following 3-6 months. Rotating some BTC profits into ETH as a medium-term trade. Stop on BTC dominance at 58%.

Bitcoin has broken above the $67,000 resistance after 3 failed attempts. Volume is confirming the move. Looking at $72,000 as the next major target. Keep stops tight — the $65,000 level must hold on any pullback for this breakout to remain valid.

I hear about on-chain analytics but do not know where to start. What metrics should beginners follow?

I keep hearing about Bitcoin spot ETF as a game changer. Can someone explain what it is and why it matters?

India taxes crypto profits at 30% with no offset for losses. How do you structure trading to minimise tax impact?

I want to understand where we are in the crypto market cycle. How do experienced traders analyse this?

Bitcoin uses proof of work and Ethereum moved to proof of stake. What is the practical difference?

I keep hearing about DeFi protocols. What is it and what are the risks I should know about?

I notice when Bitcoin drops, all altcoins drop more. Is there always this correlation?

I have my crypto sitting on an exchange. Should I move it to a hardware wallet? What are the risks?

There are thousands of cryptocurrencies. How do I identify genuine projects from scams?