Market analysis: 02/07/2024 – feel the exploitation – News on the U universe Crypto Mining

Welcome to this weekly market analysis!

This article is today dedicated to BTC AND ATOM

Accheurs, put to Times by the context of establishment?

June was marked by a general fall in the cryptocurrency market when one could be seen in a dynamic more favorable to the purchaseing auctions in view of the rebound that took place in May.

Bitcoin and Etherum records new daily hollows, many altcoins come to the formation of new hollow hollows creates the low points of the fall of FTX.

The capital of the entrant of the weak toujtes, this explains in large the situation to which read outperformance.

Tote, following the market is no doubt essential to prepare when it will have the signs of a turning of trend, which will allow pre-exposure more important on the market.

Without ASTERDRE, LOUS drivers on tradingView for the identifier the levels to monitor and the pottenty scenarios for this summer 2024.

Place the Estival of the range at?

Since our precedencers, where the notable rebounded planes rebounded in the $ 2,110 billion, it is constant that one finds itself in the Nafreme State of progress: Capitalization is retrained in the “video” maintains the support threshold and the 2,400 billion dollars.

Pouring the moment loaned, we didn't have much chose to add to ASYS on last week. In order to join an upward dynamic it will be necessary for the market to get rid of the $ 2,400 billion, this is the only condition that will allow you to have a return and on the means with a potationage house of $ 2,625 billion.

In addition, the threshold of 2,110 million always to be defended, it is essential this will allow the market to construct a support while avoiding a downward acceleration which for latra driving the market on and $ 1,770 billion.

Thus, it is advisable to prevail of patience and takes on yourself as long as there is not a bullish or downward sorson which brought the return of volatility.

Bitcoin reinteates the support, the fall is temporarily avoided

Last Tuesday, Bitcoin knew the $ 61,000 zone. Fighting for a few days under this level, the bubbles managed to renew the assets above this area, allowing to avoid with accuracy of the Bitcoin fall.

Concretely, at the Maime Title Q The Total Market Capitization, we evolve close to the low terminal of the Actual Range. Pour the king of cryptocurrencies, in addition to the need to maintain the real zone, the technical pivot at 65,000 should be returned to hoping for recent ATHS as quickly as possible.

To lend a moment, it is necessary to prevail of patience, in the ascent of real change of dynamics. Pour the Antant, the sums are in a ping-pong game between the high terminal and the low terminal. When Bitcoin comes out of this area, volatility will be much more consurer.

Atom and active in full performance?

To pay this meetings this newsletter, we will be interested in Atom, Hela is very long that had not had the opportunity to add a newsletter game to this active.

It is constant that the asset is disturbed in them in the suus-performance sucking, the rebound of altcoins in death of 2024 does not transcribe absolute in the dynamics of atom, evolving in the ITS of a range the 7 dollars of Deepers more than two which is long.

In addition, the Active Semlet evolve in a compression triangle, which will prove during its Sorse (which are imming) the rise in the volatile. With an oblique and horizontal support, the area on which the ATOM's action is disturbed of the atom is clearly the majority of confluence on a monthly scale.

Pouring an unique to the assets of the assets, it is now or never that it must bounce back and resume, in the first times, the reesistence at 8.70 dollars. If it gets there, with a little will, he will write new summit on the 2024 Anene.

Whatever happens, Atom must avoid a fall in the real zone so as not to register new ATL Depuis 2022 since it would open the road to a return to $ 4 in a Prime Minister.

Jürgen, analyst technique, at feeling mining.