BTCUSDT Analysis by @intothecryptoverse

The analysis focuses on BTCUSDT, currently at 109539, highlighting a bull market support band. It suggests that Bitcoin's price action typically stalls before conferences, noting a potential pullback ahead of an upcoming event. A trend line is identified, indicating a possible target of 115000 if Bitcoin trends up before the conference however the market will likely will get a larger pullback at Q3, supported by previous cycles. The failure bound is 94000. The analysis notes that altcoins are currently showing weakness, with TOTAL3-USDTBTC having the lowest weekly close of its cycle. It also points out, based on the chart, the market will slowly move to capitulate altcoins back to Bitcoin