Total Quality
Score
If You Had Traded on This Analysis…
Correct

BTCUSDT
Entry
116,705.0000
2025-08-09
21:01 UTC
Target
124,000.0000
In 4 Days
Fail
109,000.0000
Risk / Reward
1 : 1
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Final PnL
6.25%
P/L: —
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BTCUSDT
Correct

Body
The analysis begins by noting that Bitcoin and the altcoin market have risen approximately 60% since April, while Ethereum has surged by 200% over the same period. Ethereum has broken above horizontal resistance from 2021, and it also broke diagonal resistance from 2021 highs. The analyst is focused on identifying whether it's time to shift into Altcoins. Altcoins increased 15% in the last week, while Bitcoin is only up 5% suggesting the Altcoins will outperform Bitcoin, but we are not there yet. The target for Bitcoin, is to break to 124,000 to see a macro move to the upside, support for Bitcoin sits between 109,000 and 110,000. TOTAL3 market cap analysis shows that is below the 2021 high. Ethereum has broken horizontal and diagonal resistance.