Bitcoin and Ethereum are struggling, the Nasdaq is dragging them down - Steady Lads
Bitcoin and Ethereum are falling in the wake of the Nasdaq. Cara discusses the signs of stabilization to watch for in her latest Steady Lads video.
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Cara starts with the capitalization of the crypto market excluding stablecoins. After losing a support zone, it returns to the level of its March peak. As prices have already crossed this threshold several times in both directions, the trader gives it little weight. However, he observes signs of slowing down in the short term, which are still insufficient to confirm a recovery.
Bitcoin follows a comparable trajectory. After a return to around $80,000, the price fell below $75,000. Cara places the next marked support around $66,000. It uses this level as a benchmark if the decline continues and also considers a rebound before the price reaches it.
Altcoins have erased their rebound and are approaching the zone where they moved this summer. Faced with Bitcoin, they also remain under pressure. Cara expects a buyer reaction near these levels, but is waiting for prices to stabilize to assess the strength of a possible rebound.
On Ethereum, the latest rebound stalled around $2,400, an area that previously slowed declines. Cara is now eyeing the range between $1,900 and $2,000. Solana is back near a July high. For these two assets, the video focuses mainly on the reaction of prices as they approach these old levels.
A rebound can erase a few days of decline. For Cara, the sign of a more lasting improvement lies in the market's ability to maintain its gains after this first movement. See you early next week for a new update on the crypto market.
In a market that has broken several supports, Cara is not strengthening its exposure but is adjusting its positions. It rotates half of a retreating line towards a crypto that is more resistant, to better spread the risk. The stablecoin reserve remains intact, around a third of the portfolio, pending clearer signals.
Follow the complete evolution of Cara’s portfolio and decisions in real time on Steady Lads
Pro trader Cara from Steady Lads, the premium branch of Journal du Coin, takes you behind the scenes of crypto trading: a real portfolio of $100,000, decisions explained and continuous support in a community to better understand each market phase.
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- Journal du Coin11 Nov, 16:00
| Publisher Journal du Coin (general tier) | +72 |
| Total | 72 |
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