The S&P500’s intraday chart might breakout of its rising wedge pattern soon which would attract another wave of buyers. If prices break below 4222, it might continue its path lower towards our next target levels of 4165 and possibly 4113 in extension.
Looking at BTC/USDT, we have pulled back to support ($26,600) and have since rebounded from this area of high volume. We anticipate further sideways price action.
BTC > $28,500 → Bullish
BTC < $28,500 → Neutral with a bearish bias
BTC < $25,250 → Bearish
ETH/BTC keeps trading higher, indicating more optimism for ETH compared to BTC. If this ratio breaks above 0.071, it might open the door for a period of outperformance of ETH vs. BTC in the near future.
SOL/USDT has formed a short-term declining trend channel that has capped price action since mid-April. We are about to break above this channel which would confirm the rebound and push prices higher. The RSI is also about to breakout, reinforcing the bullish momentum ahead.
Secure Digital Markets (SDM) is a digital asset brokerage operating on a global scale providing OTC cryptocurrency spot trading and crypto-backed lending services to institutional, high net-worth, and corporate clients across 60+ international markets. We offer a custom pathway to digital asset liquidity and off-exchange transactions. SDM streamlines the acquisition, storage, and liquidation of digital assets in a secure and compliant manner.
Our clients use our services to unlock liquidity and take advantage of current opportunities in the market. Visit our website today to learn more about our services and how SDM can help you to maximize your digital assets.
#Bitcoins #Sideways #Price #ETHBTC #Signals #Positive #Momentum #Secure #Digital #Markets #Coinmonks #Jun