Crypto Market Analysis: Dollar Chart, Coinbase, OTC Trading, and Bitcoin

Finance Cryptocurrency

Get the latest insights on the crypto market, including the dollar chart's macro range, Coinbase's correlation with Bitcoin, OTC trading's strong correlation with Bitcoin, and Bitcoin's current trading range.

Dollar Chart and Coinbase

⭐The dollar chart is still playing out a macro range after a rejection at 107.

📈Coinbase's correlation with Bitcoin is above 80%.

📉Expectations are for the dollar chart to continue coming down.

🚀Dixie suggests Coinbase will continue its rally towards previous highs.

🎯Potential target for Coinbase is around 133.

OTC Trading and Bitcoin

📈Volatility is rising above the 50 percentile read for the first time in a long time.

🔄OTC trading has a strong correlation with Bitcoin, even greater than Coinbase over a longer period of time.

📉The rally above the 618 level is starting to weaken, suggesting a potential consolidation phase.

🔍The levels in Fibonacci retracement align well, indicating potential long-term areas of interest.

📈While the long-term outlook for OTC trading looks positive, it may experience some consolidation and testing around the 618 level.

FAQ

What is the current trading range for Bitcoin?

Bitcoin is currently trading in a range between 35,750 and 39,300.

What could happen if Bitcoin reclaims 37,300?

If Bitcoin reclaims 37,300, it could see further upside.

What could happen if Bitcoin drops below 35,750?

If Bitcoin drops below 35,750, it could move towards the bottom side of the range in the mid 33s.

What is the potential target for Coinbase?

The potential target for Coinbase is around 133.

What is the correlation between OTC trading and Bitcoin?

OTC trading has a strong correlation with Bitcoin, even greater than Coinbase over a longer period of time.

Summary with Timestamps

📈 0:37Bitcoin is going sideways, so the video explores alternative charts and traditional markets.

📈 2:05Coinbase's correlation with Bitcoin is strong, indicating a potential rally towards previous highs.

📈 4:22The speaker expects the rally in Coinbase to continue and possibly result in a major macro breakout.

📉 6:20The video discusses the correlation between Bitcoin and OTC trading, highlighting the potential for consolidation in the market.

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