market update

everything mentioned in the last update still relevant.

BTC on web3quant indicator 4h timeframe

the setup looks eerily similar to the one in jan/feb earlier this year.

waiting for the markets to breakout on htf. breaking above 65k will signal momentum picking up pace.

invalidation would be breaking down 56K.

one positive for the bulls is DXY has been showing weakness.

Currently only very few things are showing any signs of life.

Memes being one of them.

theRoaringKitty (guy who led the GME short squeeze) comeback yesterday

made headlines and memestocks were up massively in the last 2 days.

GME on web3quant indicator 4h timeframe

the interesting thing is web3quant indicator turned bullish last week.

for AMC it turned bullish last month.

AMC on web3quant indicator 4h timeframe

the point here is, while an individual could have been a catalyst trend already had favored meme stocks much before.

dont think the run is over yet.

memes continue to be the chosen sector of this cycle.

from crypto memes standpoint

WIF POPCAT MICHI USA continues to remain high conviction bets.

from a momentum perspective, PEPE looks the strongest of the pack.

pepe on web3quant indicator 4h time frame.

see you in the next one.

** Web3Quant is not registered with any financial regulatory agencies. Web3Quant content is purely for research, education, and entertainment purposes and should NOT be considered personalized financial advice. Do your own research and consult your financial advisor.**

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