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.
Crypto DeFi
Always OpenBitcoin, altcoins, DeFi protocols and on-chain analysis
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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 โ this is not the time to go heavy into altcoins. Wait for BTC dominance to peak and reverse.
Solana (SOL) โ 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 โ the $65,000 level must hold on any pullback for this breakout to remain valid.
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