Телеграм канал «il Capo of Crypto TA FREE»

In my opinion, that was the test dump. Expecting a 15%-30% drop on altcoins, then a bounce where some might hit new highs, but others won’t (forming their first lower high).

Bitcoin reaches the historical level of $100,000. Now what? This morning, Bitcoin has finally reached the $100,000 level—a milestone many have been anticipating for years. What can we expect now? This possibility wasn’t off the table. As I mentioned earlier, it didn’t really matter if it grabbed liquidity at $100k or not. If the sentiment was already very bullish before, it has now reached extreme levels. It has attracted a lot of attention and is literally being featured on all mainstream media right now. Even world leaders are joining the excitement, with one president sharing screenshots of his profits. While this is good in the medium and long term, in the short term it could be another warning sign. Tops are always formed during times of extreme euphoria and when retail investors flood the market. Many people are expecting much higher, without even considering the possibility of a correction. The key now will be whether BTC drops back below $100k, signaling a deviation. Altcoins haven’t followed this time, which could be an early sign of weakness. Funding rates are extremely high and need a reset, which can only be achieved with a strong pullback. At the moment, I’m expecting an initial pullback to $89k–$91k, with altcoins dropping 10%–30%. If those levels hold, we could see a bounce from there, and some altcoins reaching new swing highs (there could be some short-term opportunities, I'll keep track of them), while BTC forms its first lower high. After that, the correction should extend much lower. So, once again, keep calm and do NOT FOMO here.

$SOL update - Before and after After six months of consolidation, the price has expanded significantly, recently reaching the 2021 ATH (All-Time High). Now, it has deviated above this level. If it stays below the ATH, we could see a correction toward the same major support zone, between $120-$140. This aligns with the theory of a strong correction in the coming weeks.

GM Both $BTC and $ETH are hitting major resistance here. At this point, it doesn't matter whether Bitcoin takes the $100k level or not. Whales have started to distribute, and only retail buying is occurring. Altcoins are having their last pumps. We could expect some low caps to run a bit more during this weekend, but overall, most of them have also reached a very important resistance zone. Taking new positions now could be highly risky given the current market conditions. I expect the reversal to start very soon, and December to be a bearish month, where some moves could be fully retraced. For now, staying calm and sticking to the plan with patience and confidence is key. Better opportunities are coming. I will post some charts next week. Enjoy the weekend and stay safe!