Market analysis: 06/11/2024 – feel the exploitation

Welcome to this weekly market analysis!

This article is today dedicated to BTC AND Avax

A semiaine that opens in the red, the residual perspectives of the perspective

Since last week, the cryptocurrency market has continued to have Danans phase of the Laléralization under certain thresholds of resortances. The support levels were hitherto maintained, making it possible to avoid the preementizer.

Neanmins, this resident week of June opens in the red, testifying to a Vendudus force which is also marked by the lack of particles on the market and, consequently, a liquidport which is the more faith group.

Today, comm we go, newsletter in this day, focus our particles on the thresholds that should be preserved if we want to maintain a upward trend in the coming months.

Crypto capitation on the razor thread

After several weeks low relativization in terms of volatility, the total capitalization of the cryptocurrency market is on the wire of the razor.

The course is currently found on the pivot that planes of planes identified with $ 2,400 million. This is the level that he agrees not to lose on the side of the buyers who we wish to hope for a return of the capitation on higher levels such as the reinsistic which set at 2,625 billion dellars.

If the course of the capital is to fall under this pivot, the market will gradually take over the management of 2,110 billion dollars. Although this will not be built in the long -term hausssary trend, it will be weakened and slowed down, which will raise the place to a new period of lalelarization.

Pour the moment of struggle, it is advisable to prevail of patience. Be that as it may, if the market arrives at defend the actual threshold, it will be a very good sign, this will allow the capitization to build in solid way a support which will allow it by carrying them new summmetts on the years 2024.

No change for cryptocurrencies

On the side of Bitcoin, there is little change, the situation is still similar to the last sememama following the rejection of the course in the zone of 70,000/71,500 dollars.

Buyers are always in the incapacity for amendment to the highest price levels with the NEW ATH. With such consolidation, when Bitcoin operates an exit, whether up or down, there is a good chance that it is particularly violent.

The remaining situation less critical chip tote than total market capitalization of the market since the axtive does not destroy the steps of threads on its pivot. As long as the $ 65,000 does not let go, the bias will give House Sier on the newspaper scale. The next few days will be followed closely to take the ability of the king of cryptocurrencies to defend his position and continue to outperformate against the market residue.

AVAX in large difficult, will support be giving in?

Towards an appointment this newsletter, despite the difficult status on the side of the total capitalization of cryptocurrencies and one and a rejection of the king of the cryptocurrencies on his remission, the remains of the Set of the same relevant of Also certain Altcoins.

Today, we can interest ourselves in Avx who, after wearing a summit at more than 60 dollars, has misheeded the entire increase having been registered on the 2024 wave.

Finding itself in an important area of ​​the support area at 31.10 / 32 dollars, the times that it operates and bounces. Neanmins, it seems much less important, testifying to Unt lack of purchasers for several semines. If Avx confirms an area of ​​this break under, he predrarely predicts the $ 20 chimin.

In CA framework, to hope for an upward turner, Avx will have to return to the pivot area at 35 dollars (represented in blue), which will allow it to have the taking of stormy three -way. If it gets there, it will take the path of the previous resistance at 49 and 60 dollars.