Crypto Thoughts 02-05-24

There is a FVG around 73 that coincides with a FIB retracement on high time frame to the .705. I’m watching for AAVE to continue the current downtrend to this area, where we could see a bounce. This is also an area of previous resistance so we could see it establish as new support and could be a potentially great area that sets up for a long. I have alerts set and would be looking to take a long once I see PA develop at this area. Until then, looking for shorts on LTF.

Still in a HTF downtrend. Looking for shorts to the .40 area where I would be watching PA to develop at this important S/R level. On the lower time frame we are approaching the bottom of last weeks range so I could see it being a potential set up for a long up to at least midrange. Equal lows at .4858

DXY going for the bearish OB. I think we could see alts continue to go down in the short term