Market Update 9/1
This week BTC lost almost 15%. Two days ago and yesterday it almost broke $41161.47 support. Today it seems that it didn’t attempt to break that level so let’s hope it stays that way for now. As long as we don’t see much volume the resistance will hold.
On the NEAR/BTC pair we can see a strong consolidation regardless of the price of BTC. NEAR held its price amazingly well and is just loading before skyrocketing again and overperforming BTC. Let’s wait for another W in the structure.
Looking at the NEAR/USDT pair we can see that NEAR is one of the strongest assets in the ecosystem since BTC didn’t affect it that much. We have identified a range between $16 & $13. Once we find the bottom on BTC, NEAR will resume his climb as well.
On the NEAR/BTC pair we can see a strong consolidation regardless of the price of BTC. NEAR held its price amazingly well and is just loading before skyrocketing again and overperforming BTC. Let’s wait for another W in the structure.
Looking at the NEAR/USDT pair we can see that NEAR is one of the strongest assets in the ecosystem since BTC didn’t affect it that much. We have identified a range between $16 & $13. Once we find the bottom on BTC, NEAR will resume his climb as well.
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