Bitcoin leads the market and 3 more CRYPTOCURRENCIES in RALLY (2023) BTC Litecoin analysis?

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Bitcoin leads the market and 3 more CRYPTOCURRENCIES in RALLY (2023) BTC Litecoin analysis?

Absolutely today all digital assets have reached a very important maximum but there are four of them that have exploded more than the others; During the last days there are four fairly old assets that are not declared securities by the sec they are not declared values and there are four assets that have risen more than 20% at least three of them in the last days and yes guys we are Speaking of bitcoin ethereum bitcoin Cash and litecoin that was a classic we will leave it for the background important news about these assets that we have.

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Already with the news guys because Wall Street giants these news; I put it a week and a half ago they support edx Markets.

What is this edx market

Well, this institutional platform is an institutional exchange that includes bitcoin bitcoin cashereum Classic and litecoin and therefore these assets have skyrocketed compared to the rest of the crypto market.
Of course, especially bitcoin, almost litecoin, they have risen yesterday by 22% and 14% respectively, in fact, bitcoin home multiplied by 3 in the last brutal week, but let's move on to bitcoin.

Because we have nothing more to talk about after what was seen yesterday the day before yesterday and this report that we have recently analyzed in terms of Macro and other summary, you already know that Powell said that we are going to raise interest rates twice more, this has Evidently, the belief is further strengthened that in less than a month, on July 26, the next meeting, they will raise 0.25%, interest rates will be almost 90% discounted, and be careful, because in November the belief that they will rise 0.25 again and although it is not the most likely, rather, that it is most likely that they will rise 0 that it will remain paused, this belief also begins to grow, be careful, but let's go now with BTC bitcoin analysis, what are they doing the whales.

Some numbers have nothing important, some indicators are a little higher, but since there is nothing important relevant at a level that is more than 0.67, more than 0.7, more than 0.8, we are not going to pay attention to it.

We already know that we have to use this indicator very carefully and only take into account very high data or very repetitive high data.

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For example, in this area, the data was not as high as this one here, but it was very repetitive and it led us to lower the price quite a bit. It measures the activity of the whales in terms of their bitcoin liquidity. bitcoin liquidity analysis, we are seeing that Yesterday he went to touch on this graph that includes 12 hours the 31,231,300 acted as a pimp ate a lot of liquidity but left a little above, although the liquidity pool of 30,500 is now closer to liquidity and below at 30,200 more or less or around here.

Bitcoin in this 7-day chart has eaten liquidity as we said yesterday afternoon at 31,331,200 and has therefore turned around as all this liquidity has been eaten above the previous maximums and has turned around as it is more probable that it will go to look for what is closest now that it is below where in 30,000 and little and remember that in the medium term we have pending at 29,700 with increasing weight this pool of liquidity that has to reach the less than 29,800 but could go as high as 29,500 and even a little bit below, and this plays out quite well with our analysis today.

Because we have seen that it has cleared this area here above these maximums above these maximums touching these maximums because it does not want to lose this figure that we have of an upward guideline, which has joined the increasing minimums, it does not lose it, it has had a bearish trap yesterday and finally it has gone up we have a lot of pressure and a lot of buy orders and I think we are a little overbought boy, we also see it with this very slight divergence here, these types of formations break up with some increasing lows and some Lanos highs usually break up you are right it is this type of formation.

But if it does not break, we will go down a lot to these points again, so right now, right now, a lot of compression, as I told you before, all the digital assets are in areas of maximums or compromised areas. And look at the daily bitcoin Cash chart, which has not stopped rising. Bitcoin Cash, they are free right now but it is super saturated who knows where it stops and I would not think of going short at the moment.

And it is that Litecoin in the case of litecoin is above it seems that it wants to break the bearish line that has been in the downward trend for more than a year more than two years since May 13, 2021 and be careful if it breaks this bearish line, do you think it's going to break what I think it doesn't matter it has this high around here and it can do well during the day and then turn around and close below and fool us all.

CONCLUSION

I don't know but many institutional ones are going to enter edx of essential institutional capital for this type of coins for litecoin as we said before bitcoin Cash bitcoin and ethereum Welcome sincerely, they have such good news, buy the rumor sell the news if the news is news is already bought it's already sold right now it's discounting that capital enters and that's not going to be known when it's going to be, it's just going to come in little by little so for now we'll leave these coins to do what they want we'll have a beer we'll have a bucket of popcorn and enjoy the climbs.

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