MagicEdge

The biggest crypto hack in history just hit Binance: about $6.3B according to the exchange. $BTC dropped to $78.5K. The trend is still bullish, 71 days in. The difference: Magic Waves just hit -50. Oversold for the first time in this trend. Panic or opportunity?

7 major cryptos on MagicEdge. 6 are still in a bullish trend. The exception is $TRX, which flipped bearish 14 sessions ago. Among the bullish ones, momentum splits in two. $ZEC +29 and $BNB +28 on the Magic Waves. $BTC -31, $ETH -42, $SOL -42. Same trend, two speeds.

$SOL is running the same play as $ETH, one step behind. Bullish trend for 70 days, but price at $102 has slipped under the Magic Bands cloud. And unlike ETH, Magic Waves (-44) haven’t turned up yet. The cloud sits around $105. $100 is the line it can’t afford to lose.

$ETH has been in a bullish trend for 82 days. It just slipped under its Magic Bands cloud though. Price is at $2,353, in the lower side of the EMA core. Reclaim the cloud around $2,400 and the trend resets. Fail, and 82 days get questioned.

Only 36% of the market is still bullish. Net flips: -18 over 5 sessions. And 37% of assets are now in the extreme zone, +7.A weak market that’s this stretched rarely stays that way long. Snap back or more downside?

Money is rotating on MagicEdge’s sector map. Healthcare now leads: 59% of names bullish, +10 in 5 sessions. Real Estate +10 too. Tech slips to 44%. Defensives up, tech cooling. Rotation or just a pause?

Crypto market breadth is softening within a bullish regime. 66% of 509 assets remain in a bullish trend, down 9 pts over 5 sessions. Average strength holds at 49/100 and only 2% of assets sit in the extreme zone. The trend is intact, but fewer assets are participating.

$SPCX is retesting the Magic Bands bullish cloud. Price has pulled back into the 1st layer after rejecting $172 in early October. The cloud has acted as support since September and now marks the key level for trend continuation.

Crypto with strong bullish trends: $IOST +42.6%: bullish for 41 sessions, already outside the fan (extreme extension) $BCD: fresh flip 2 days ago, still in the 1st layer $CVX +18.9%: bullish for 72 sessions, 2nd layer One filter, and the strongest setups surface

$BTC through MagicEdge’s Magic Bands 👇 🟢 Bullish trend for 62 days ☁️ Price sitting on the bullish cloud, between $80K and $82K 🧱 Ceiling at $85-87K, the level that rejected us in early October As long as the cloud holds, the structure stays intact.