ETHUSDT Analysis by @planfomo

The video provides a technical analysis of BTCUSDT and ETHUSDT, presenting a market overview and expectations. For BTCUSDT, the analyst notes the breakdown of an ascending trendline which was acting as support. Expectations are for consolidation. However, there is a potential head and shoulders pattern forming. The video speculates if what happened in the previous bull rally in BTC is repeating itself. Important support for BTC is around $93,000. ETHUSDT is considered bullish and forming an accumulation phase, noting how Altcoins are pumping, with initial targets around $3000 and then around $4000. The Altcoin market seems to be heading into a bullish phase. A golden cross formation could help it up to 1.6 trillion market cap. However, there is an all time ascending line that has to be taken into account. This makes the analyst take a neutral stance and exercise caution. Previous charts show signs of bearish scenarios once touching similar targets.