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With the recent sell off, $BTC fell back to its Summer 2024 lows relative to $GOLD. BTC was down over 50% relative to hold compared to its 2024 highs. But it has now traded back down to its Weekly 200MA which is holding as support for the time being. I would argue that this is a good value area for BTC relative to gold and would be comfortable betting on outperformance from this point. Whether that's due too gold slowing down, or BTC catching up. I just think the value is pretty good, relatively speaking. $BTC #BTCVSGOLD
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Market Outlook: $AT 1D Analysis The prevailing trend for #AT indicates a bearish sentiment with significant weakness in indicators, suggesting potential for further declines unless a strong reversal is identified. Currently, price is struggling to hold above the 0.1360 support level, which could serve as a short-term bounce zone. The immediate resistance is situated around 0.1538, with notable supply further up near 0.2000–0.2400, a range unlikely to be reached soon without a momentum shift. The absence of a bullish setup reinforces a bearish bias, and traders should look for rejection at 0.1450–0.1538 to consider short entries targeting recent lows. #apro $AT
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🚨REMINDER: 🇺🇸 US initial jobless claims data will be released today at 8:30 am ET. Expectations: 220,000 $BTC
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BREAKING: 🇺🇸 Tom Lee’s BitMine has just bought $150 million worth of Ethereum. #ETH $ETH
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