Morning Minute: Crypto Rips On US China Trade Deal Hopes

💡 DMK Insight

A $150 billion surge in crypto market cap over the weekend signals strong bullish momentum. This uptick suggests that traders are increasingly optimistic, likely driven by positive sentiment and potential institutional interest. If this rally continues, key resistance levels will be crucial to monitor. Watch for Bitcoin to test its recent highs, as a break above those could trigger further buying across altcoins. On the flip side, if profit-taking occurs, we might see a pullback that tests support levels, which could provide buying opportunities for swing traders. Keep an eye on trading volumes as well; a sustained increase could validate this rally’s strength. In the broader context, this surge could impact correlated assets like Ethereum and DeFi tokens, which often follow Bitcoin’s lead. As we head into the new week, traders should be prepared for volatility but also for potential breakout scenarios, especially if market sentiment remains bullish.