The Top 3 portfolio consists of Bitcoin, Ethereum, and Solana, which are arguably the most well-known and largest cryptocurrencies. Our outlook is as follows:
- Short-term: Potentially Bearish
- Mid-term: Bullish
- Long-term: Bullish/Neutral
We believe that all three cryptocurrencies could experience a short-term decline for several reasons:
- The market appears overheated.
- Lower highs are forming on the lower timeframes.
- We anticipate a potential retest of the range established during this year’s longer correction, which could serve as a significant support/resistance level.
However, it’s important to note that a strong uptrend prevails in the medium term. The long-term outlook remains bullish, although there’s a possibility of approaching a top in the extended future.
Analysis of Individual Cryptocurrencies
Bitcoin (BTC/USD)
Solana (SOL/USD)
Ethereum (ETH/USD)
Conclusion
While all three cryptocurrencies have shown impressive gains recently, technical indicators and market conditions suggest a potential short-term correction. However, the overall mid-term trend remains bullish, supported by the strong upward movements visible in all three charts. The long-term outlook, while generally positive, carries some uncertainty as the market may be approaching significant resistance levels or potential cycle tops.