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Taurus encryption runs? This is what the Supreme Trader has just said

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With an unstable Bitcoin recovery over the $ 100,000 bleter mark and Altcoins that bleed, merchants ask what is clear: Was the encryption bull operated? According to the systematic trader Adam Bakai, the answer is not very clear. In the collapse of the detailed market published on June 22, Bakay presented a defensive assessment on a technical basis, which recognizes geopolitical risks but remains rooted in location and price structure.

Has bitcoin bulls ended?

“Given the monthly and weekly time frames, we are still technically in the direction of ascension,” Bakai booksNoting that “no major oscillation has been broken, and the 365 -day VWAP VAP was respected while declining in April.” Nevertheless, he admits that “the failure to make its highest level ever similar to the summit in 2021” is an anxiety-especially given the accumulation of players such as Blackrock, which now holds about 3.5 % of the total Bitcoin offer.

This difference – between the strong institutional interest and the market is struggling to separate from the top – which made Bakai more cautious in recent weeks. “This is why I was very defensive and kept most of my deals in the short term,” he said.

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His commercial point of view focuses on two potential technicians scenarios: either restoring the 100,000 dollar support zone-“the conflict in the Middle East is likely to escalate”-or a decrease in the range of 97,000-95,000 dollars, where there is strong technical support in a medium-sized form for 200 days, local price adaptation, and 90 days.

Bitcoin price analysis
Bitcoin price analysis Source: x Abetrade

However, Bakay explained that it does not shorten the market. “I am not currently thinking about any short deals because of my current situation,” he said, adding that open attention is declining and that we started to see “the first signs in favor of the clear offer of the presentation since its lowest level in April.” Meanwhile, the options market reaches early caution: Sitting 25 -DTA Reserval Confer is around -5, not yet at panic levels, but goes more negative.

Crypto Bull Run is in danger

On ethereum, Bakai was significantly explicit. He said: “ETH had almost a moment, but of course he had to become a disappointment.” Partial failed failed to the extent of the “Defi Summer 2025” virus. He pointed out that “people are very swinging, and the market is confirmed by their punishment,” noting its own tweet from a few days.

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The artistic image on ETH does not inspire confidence either. “During the important market movements, as we had at the beginning of May, the last thing you want to see is to restore prices throughout this field,” he said that the following useful support lies near 1800 dollars. On the daily chart, ETHEREUM sits directly when the support-with a 90-day VWAP convergence and what it calls a “pivotal level”. However, like Bitcoin, Bakay sees the fate of Ethereum in the short term that depends largely on developments in the Middle East.

Ethereum prices analysis
ETHEREUM Prices Analysis | Source: x Abetrade

When locating, ETH also shows signs of an environment in the sale, although Bakay believes that high fluctuations in ETH options have caused traders to spread instead of direct directional bets. He said: “Ghowry now indicates very clearly to the potential upward reversal in both permanent and sites.”

Altcoins receive any re -re -re -repeat. “Altcoins hasn’t enjoyed for a long time,” Bakai wrote, noting that “every time you start looks better, it will get worse immediately.” It indicates that the expected rotation from Bitcoin to Altcoins has not been achieved, and it seems that the real rotation now in the shares related to encryption, which better reflects the macro trade driven by ETF.

Even strong names like Solana fade. He warned, “Seoul has regained the entire gathering from April.” The main level of watching is $ 100. “There is not much technical support from $ 100,” and if “shit hits the fan”, Bakay will look forward to giving bids about this ice number.

Solana price analysis
Solana prices analysis Source: x Abetrade

Bakay also briefly touched on two newer altcoins – Hype and Fartcoin – one provides a strong product and withdraws the other attention through fluctuation and liquidity. “Fartcoin will become attractive if it can restore $ 1 or 0.50 dollars. You can find noise.

His final ideas were practical: “We are not in the easy market conditions, with a lot of geopolitical uncertainty, and the markets can be greatly affected by one press statement.” While it is believed that the market may be “very short at the present time”, it is still very aware of the possibility of already multiple correction. “I don’t think you need to be a hero and try to pick up a falling knife,” and concluded his saying. “I prefer to wait for some positive news and signs of low time frame repercussions.”

In essence, Bakai does not call for the top. But his post shows one thing: this is not a market for Bravado. It is time to control oneself, manage narrow risks, and respect volatility – especially when the upward issue has no momentum on its side.

At the time of the press, BTC was traded at $ 101,847.

Bitcoin price
Bitcoin Recover again over $ 100,000, graph for 4 hours | source: BTCUSDT on Tradingview.com

Distinctive image created with Dall.e, Chart from TradingView.com

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