Long term indications based on weekly data for the #Cryptocurrencies that we track that have enough data for are as of 1-26-2025:
                                                           
New trades:  No new trades  (see note below)                            

1. #BTC : Short                          
2. #ETH: Short                                
3. #BNB: Long                                
4. #Cardano: Long                               
5. #XRP: Long                               
6. #Doge: Short                              
7.#AVAX: Short                            
8. #Chainlink: Long                               
9. #Litecoin: Long

As in the stock indexes, #BTC hit support at $90,000 and held and now is retesting its highs. This is a very risky position to be long right now. If the current overbought levels hold and prices do take out $90K on the downside we could see a slide all the way back down to $60,000, possibly even worse. This market is currently be led by altcoins and meme coins, the small cap and penny stocks of the Crypto market and that is a sign of over speculation. So be careful here. Very careful.
#Cryptocurrencies #BTC #ETH #BNB #Cardano #XRP #Doge #AVAX #Chainlink #Litecoin #BTC