Bitcoin has shown some strength and select altcoins, including BNB, LTC, OKB, and QNT, could follow suit. The bears failed to sustain Bitcoin below the $25,000 level, which may have attracted buying from the bulls attempting to start a recovery in Bitcoin and select altcoins. The overall trend remains bearish, so short-term traders who buy for a pullback should consider booking profits or tightening their stops when the price struggles to break above stiff resistance levels.
– Bitcoin turned up sharply on June 15, trapping the aggressive bears who may have gone short on a break below $25,250.
– BNB has been in the thick of things for the past few days but a positive sign is that the bulls did not allow the price to break the $220 support.
– Litecoin plunged below the symmetrical triangle pattern on June 10, indicating that bears have the upper hand.
– OKB broke below the symmetrical triangle pattern on June 10, signaling the start of a deeper correction.
– Quant rebounded off the $95 level with strength on June 16, indicating aggressive buying at the support.
