reetings, esteemed ACG community members!

In this overview, we'll dive into the current state of the cryptocurrency market, starting with an analysis of trader sentiment mirrored in USDT.D.

Additionally, we'll evaluate the future prospects of Bitcoin and look into five major altcoins (TWT, RLC, HBAR, FET, and SUSHI), examining their critical levels and potential trading opportunities.

Prepare for an exciting adventure into the captivating world of cryptocurrency markets! In this summary, we will explore the present condition of the cryptocurrency market, beginning with an examination of trader sentiment reflected in USDT.D.

Furthermore, we will assess the future potential of Bitcoin and delve into five significant alternative coins (TWT, RLC, HBAR, FET, and SUSHI), analyzing their key levels and possible trading chances.

Get ready for an enthralling journey into the intriguing realm of cryptocurrency markets!

Table of contents

  1. USDT.D and BTC Analysis
  2. 5 Altcoins Analysis
  3. Quotes / Advice
  4. Closing Remarks

1. USDT.D and BTC analysis

As usual, I always start my analysis with USDT.D as it serves as an indicator of traders' sentiment. USDT.D reflects whether traders are optimistic (investing in cryptocurrencies) or pessimistic (shifting towards stablecoins).

USDT.D Chart - Daily Timeframe

Based on our analysis from last week, USDT.D initially faced rejection at our 8.2% resistance zone and subsequently traded lower.

Following this, USDT.D encountered support at the 7.46% level marked in red, leading to a rise in its value.

Currently, USDT.D is in the process of retesting our 8% resistance. Hence, we anticipate the bears to assert their influence once more.

USDT.D Chart - H1 Timeframe

In the H1 timeframe, USDT.D has displayed a bullish trend from a short-term perspective, trading within the confines of a rising channel marked in orange.

To signal a shift in momentum favoring the bears, a decisive break below the lower orange trendline and the last low at 7.85% is required.

At the same time, it is important to note that USDT.D still has the potential to ascend further within the 8% - 8.2% resistance zone.

BTC Chart - Daily Timeframe

BTC continues to exhibit bullish momentum and is currently consolidating around the 28,000 resistance zone. To maintain the bullish trend, a decisive move above the 28,500 level, indicated in blue, is necessary. In such a scenario, a further upward movement towards the 30,000 - 32,000 resistance range can be anticipated.

However, it's worth noting that the bears could potentially initiate another correction, potentially reaching the lower boundary of the red rising broadening wedge pattern.

BTC Chart - H4 Timeframe

According to our analysis from last week, the bulls regained control by surpassing the previous high marked in green at 27,100.

Currently, BTC is consolidating within the 28,000 resistance level. To sustain the bullish momentum, a breakthrough above 28,500 is crucial.

Conversely, for the bears to initiate a correction and take control, a drop below the 28,000 previous major low marked in orange is necessary.

2. 5 Altcoins Analysis

Let's start with TWT. After rejecting the 0.7 green support, TWT has exhibited a bullish trend, forming higher highs and higher lows.

Currently, TWT is testing a robust resistance level marked in blue. To maintain control and establish a bullish trajectory from a long-term perspective, a daily candle close above 1.130 is required.

TWT Chart - Daily Timeframe

In addition, on the H4 timeframe, the bears are poised to seize control and repel the resistance if the recent low marked in orange at 0.993 is breached downward.

TWT Chart - H4 Timeframe

Turning our focus to RLC, it has been trading within a notable range and is presently revisiting the lower boundary at approximately 0.75. Consequently, we will be scouting for buy setups on lower timeframes.

RLC Chart - Weekly Timeframe

Examining the Daily timeframe, RLC has displayed a predominantly bearish trend, trading within the confines of a red falling channel.

For the bulls to gain control, a breakout above the last major high marked in red at 1.18 is imperative.

Conversely, if the bears maintain dominance, a move towards the lower boundary of the channel and the 0.75 support level is expected. During this decline, we will be on the lookout for short-term buy setups.

RLC Chart - Daily Timeframe

Examining HBAR, it remains confined within a tight range bordered by the 0.05 and 0.1 round numbers.

Presently, HBAR is nearing the lower boundary of this range, specifically the 0.05 round number and the corresponding demand zone.

HBAR Chart - Weekly Timeframe

Analyzing the Daily timeframe, the bulls need to surpass the minor resistance marked in red at 0.0537 to establish control. In this scenario, a movement towards the 0.07 resistance level can be anticipated.

Until this breakthrough materializes, HBAR is situated in a bearish state and might persist in trading lower, potentially reaching the lower boundary of the support level at 0.03.

HBAR Chart - Daily Timeframe

FET has demonstrated a consistent bearish trend, marked by lower lows and lower highs. However, it is presently nearing a robust support zone that has remained intact since June.

It's important to acknowledge that FET might still dip within this support zone before initiating an upward movement.

FET Chart - Daily Timeframe

In the short-term perspective, as observed on the H4 timeframe, the bulls need to achieve a breakout above the last high indicated in red around 0.223 to establish control.

Currently, in the absence of the buy signal, FET maintains a predominantly bearish stance and could persist in trading lower, potentially reaching the lower boundary of the red channel. At that point, we will be on the lookout for new short-term buy setups.

FET Chart - H4 Timeframe

Following the rejection at the 0.8 resistance level, SUSHI has exhibited a bearish trend, trading below the blue trendline.

Nevertheless, it is currently nearing a robust demand zone and the significant round number 0.5. Consequently, we anticipate the bulls to step in shortly.

SUSHI Chart - Daily Timeframe

On the H4 timeframe, for the bulls to assume control from a medium-term perspective, a breakthrough above the last structure marked in red at 0.57 is imperative.

In the interim, as long as the bulls do not seize control, SUSHI is likely to remain bearish and may continue trading lower to test the significant 0.5 round number.

SUSHI Chart - H4 Timeframe

3. Quotes / Advice

We do not predict; instead, we speculate and react.

Just like in chess, we let the market make the first move and respond accordingly.

Focus on quality, not quantity.

We operate like snipers, patiently waiting for the perfect shot, while shotgun traders face risks on the front lines.

4. Closing Remarks

In summary, this outlook covers USDT.D and BTC, as well as five altcoins: TWT, RLC, HBAR, FET, and SUSHI.

For USDT.D, traders' sentiment is pivotal, with attention on resistance levels. BTC exhibits bullish momentum but faces potential corrections.

Among the altcoins, TWT shows a bullish trend, RLC trades within a falling channel, HBAR struggles within a tight range, FET is in a bearish trend near a support zone, and SUSHI faces resistance at 0.57.

Traders are closely monitoring these levels for potential buy and sell signals in the market.

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