Watch This BEFORE FOMC (Bitcoin And Top Altcoin Analysis)

**Nick Valdez** (0:00)
Hey, guys, Nick Valdez here. Thank you for joining Discover Crypto. We are going to be doing a live stream, but a little bit later today, because we're going to be covering Kevin Warsh's first press conference. But I want to show you a few things in the charts, because some of our levels have been getting nailed lately. Now, first thing we're looking at here is Bitcoin. We're looking at the four-hour chart, and we're still trading within this parallel range. I say keep an eye out before I'm flipping bullish until we hit this bottom range. So I'm still looking for a little bit more downward pressure. In fact, if you look at the RSI, we're not seeing too much bullishness. If you go to the one-hour, no bull divs. But if you go to the 30-minute, you do start to see some of the bullish divergence here. As you can see, the RSI heading slightly higher as the price is heading slightly lower. But I don't really like flipping long just off a 30-minute bull div. I usually like to wait for the larger timeframes. Four hours, three days is perfect, but maybe even two hours on the low end, 30 minutes a little bit shaky for me. If we come down and test the bottom of this range, you're going to be looking at slightly higher than $64,000. Now, some of these trades we have nailed. Looking at the top gainers today, we have Aster and Uniswap. If you go to the Uniswap chart, I gave you this level weeks ago, and people were asking, where should I take some profit on Uniswap? I said, I would keep an eye out because I noticed a little bit of a trend line on the top end right here. Wait till I show you the one-hour chart. Look at this, pow, one, two, three, four, five. It played around with this level for a few hours before it rejected. So if you got in on that trade, hopefully you listened and pulled that sell button because now you can see Uniswap starting to do a pretty significant pullback. It is already down 13, 14% from that high zone right there. Now you can see the same range on the four-hour, Uniswap just blasted out of that. Bitcoin, however, still stuck in its four-hour range, and you can see this was mostly going to be pivoted off this June 5th low, and then we came down and tested it again on the 10th. You're going to see this over and over with different altcoins. Here you can see that June 5th low, June 6th, depending on what time frame you're looking at, this is going to be shortly after. This is the midnight candle on the 6th, so the evening of the 5th, if you will, and then we came back down, tested it on June 10th. Now Solana broke out of its range, unlike what we saw with Bitcoin, unlike what we're seeing with Cardano, and also unlike what we're seeing with Ethereum. So Solana is looking pretty bullish, but now you can see Solana is trying to be recaptured within this range. If we go to the smaller time frames, you can see the bulls and the bears are in the midst of a battle right now. What's the next level of support if we do break down from this range? I actually kind of like the midway point. The midway point has been respected at least since June 10th.
So we're looking at about a week. It has been listed in this level. If it fails to hold this, I like the line in the sand at $68, and that's just going to be an important level when you flip to the daily. You can see this is right where we waked on the February 6th low. Also, this was acting as resistance while we were trapped in that range. Now let's look at Cardano. Cardano losing all that bullishness right there. You can see it has fallen out of the range. To the downside, I would expect nice support right here on these daily closes. This is going to be the daily close. This is the daily open. If we switch to the 4-hour, I would expect a lot of support in this range for Cardano. That's going to be right around 15.5 cents. Looking at Ethereum, also stuck in that range, we're not seeing the bullishness that we are seeing on Bitcoin. If we go to the 30-minute, there is no bulldives on the 30-minute. You go to Bitcoin, you do see the 30-minute bulldives. So Bitcoin looking a little bit more bullish than Ethereum. So I'm given higher odds for Ethereum to come down and test the bottom of this range. And if we do come down to the bottom of this range, looking at around a $1,700 Ethereum. Looks like a hyperliquid is also one of the top losers today. And I wanted to point something out. Hyperliquid is now down 5%.