We’re awaiting two big earnings reports after the bell (i.e., after 4 PM EST) from Microsoft and Alphabet. The S&P 500 continues to trade lower as the Dollar index gained a bit of strength overnight. Below 4182, we can expect further pressure towards 4100.
Bitcoin has flushed out a lot of leverage traders recently. Despite the decreased futures interest, the spot market (as seen below with CVD spot) rebounded off the bottom from last Friday. All we need to confirm the rebound is an uptick in open interest.
On $BTC’s intraday chart (4h timeframe), we see that the recent move can potentially be reversed in the short term with a rebound back to $28,300-$28,800. This could serve as a key level to short again for those who missed the initial move.
Litecoin third halving is only a 100 days away. The expected date is August 2nd, at block 2,520,000. $LTC recently rebounded from the 50% Fibonacci level near $84.25 and is looking to get back to $94.25.
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