The TOTAL crypto market cap has now rallied aggressively from the ~$2.05T lows back toward the $2.66T resistance region.
What stands out to me is that this move currently looks very similar to BTC itself.
Why?
Because the current rally sits around the 50% retracement area of the entire move down from the ~$3.28T highs.
That makes this region extremely important.
From my perspective, the market has spent the last months building massive amounts of liquidity after the capitulation move into the lows.
You can clearly see:
• compression
• slow grinding expansion
• repeated consolidations
• liquidity building from the ~$2.05T region
Usually, this kind of structure leads to a large expansion move later on.
But the big question remains:
Which direction?
Right now, I still lean cautious.
Why?
• TOTAL is still trading inside a larger corrective structure
• HTF resistance has not been fully reclaimed
• current price action still resembles a retracement more than a confirmed bullish reversal
The $2.66T region is critical because it lines up with:
• the 50% retracement
• previous support/resistance
• a major reaction zone on HTF
As long as TOTAL cannot reclaim and HOLD above this region, I remain focused on where the next lower high could form.
For me, this market still feels more like:
• a corrective recovery
than:
• a confirmed bullish expansion
Key levels:
• Resistance: 2.66T
• HTF support: 2.31T
• Major liquidity origin: 2.05T
The next reaction around this resistance zone will likely decide the next major market direction.
MrC
What stands out to me is that this move currently looks very similar to BTC itself.
Why?
Because the current rally sits around the 50% retracement area of the entire move down from the ~$3.28T highs.
That makes this region extremely important.
From my perspective, the market has spent the last months building massive amounts of liquidity after the capitulation move into the lows.
You can clearly see:
• compression
• slow grinding expansion
• repeated consolidations
• liquidity building from the ~$2.05T region
Usually, this kind of structure leads to a large expansion move later on.
But the big question remains:
Which direction?
Right now, I still lean cautious.
Why?
• TOTAL is still trading inside a larger corrective structure
• HTF resistance has not been fully reclaimed
• current price action still resembles a retracement more than a confirmed bullish reversal
The $2.66T region is critical because it lines up with:
• the 50% retracement
• previous support/resistance
• a major reaction zone on HTF
As long as TOTAL cannot reclaim and HOLD above this region, I remain focused on where the next lower high could form.
For me, this market still feels more like:
• a corrective recovery
than:
• a confirmed bullish expansion
Key levels:
• Resistance: 2.66T
• HTF support: 2.31T
• Major liquidity origin: 2.05T
The next reaction around this resistance zone will likely decide the next major market direction.
MrC
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כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.