Crypto Expert Reveals Top 3 Trades To Take Now


In
a

video
update,
Miles
Deutscher,
a
widely
followed
crypto
expert,
provided
his
502,800
followers
on
X
with
an
in-depth
analysis
of
the
current
market
conditions.
This
update
came
in
response
to
what
Deutscher
described
as
“massive
ramifications”
for
certain
altcoins
following
a
notable
Bitcoin
price
surge.

Deutscher
began
his
discussion
by
pointing
out
a

significant
rally
in
Bitcoin’s
price,
which
soared
from
$68,500
to
over
$71,000.
This
movement
aligns
with
his
observation
of
substantial
inflows
into
Bitcoin
spot
ETFs,
which
he
highlighted
as
nearly
reaching
$900
million
in
a
single
day.
This
figure
is
distributed
across
various
funds,
with
Fidelity,
BlackRock
and
ARK
contributing
the
largest
shares.

How To Get Free Crypto  

“This
is
the
highest
inflow
that
Bitcoin
has
gotten
since
the
major
breakout
in
March,”
Deutscher
stated.
He
connected
these
inflows
to
a
broader
bullish
sentiment
in
the
market,
suggesting
that
they
indicate
a
robust
institutional
interest
that
had
not
been
seen
since
Bitcoin’s
previous
highs
around
$74,000.

Strategic
Altcoin
Play
#1:
BNB
Ecosystem

Shifting
the
focus
to
the
altcoin
market,
Deutscher
honed
in
on

Binance
Coin
(BNB)
and
its
associated
tokens.
He
elaborated
on
BNB’s
performance,
noting
its
breakout
to
new
all-time
highs
and
its
defiance
of
typical
market
gravity.
He
advised
potential
investors
to
consider
entering
positions
after
a
definitive
weekly
close.


Related
Reading

“When
a
coin
is
in
price
discovery,
it’s
often
very
hard
to
fade
that
coin.
If
you’re
interested
in
a
long
here,
wait
for
a
close
above
on
the
weekly
if
you’re
a
higher
timeframe
trader,
and
then
you
have
very
clear
invalidation
for
this
next
leg
to
the
upside,”
Deutscher
said.

BNB/USDT,
1-week
chart
|
Source:
YouTube
@
Miles
Deutscher

In
the
BNB
ecosystem,
Deutscher
pointed
out
specific
tokens
poised
for
growth,
especially

FLOKI
and
Cake.
FLOKI,
which
gained
the
analyst’s
nod
as
“one
of
the
leading
meme
coins
on
the
Binance
Smart
Chain,”
has
shown
similar
price
actions
to
another

Coinbase Banner  

meme
coin,
Pepe.
Observing
these
patterns,
Deutscher
predicted
a
possible
20%
upside
potential
for
Floki
following
its
breakout.

Cake,
known
for
its
role
as
the
largest
DEX
on
the
Binance
Smart
Chain,
has
started
to
show
promise
by
reclaiming
key
support
levels.
“Cake
is
an
interesting
play.
Because
Cake,
on
the
weekly
chart,
has
been
pretty
unimpressive,
but
it’s
now
finally
starting
to
show
signs
of
wanting
to
reclaim
that
major
support
level,
[…],
a
reclamation
of
that
level
could
send
it
to
$5.”

#2
Ethereum
Is
Ready
To
Surprise

A
significant
portion
of
Deutscher’s
analysis
was
dedicated
to
Ethereum
and
the
speculative
impacts
of
the

upcoming
spot
Ether
ETFs
in
the
United
States.
He
discussed
how
Ethereum’s
potential
underperformance
relative
to
Bitcoin
could
set
up
a
lucrative
buying
opportunity
ahead
of
the
ETH
ETF’s
launch.


Related
Reading

Deutscher
quoted
market
sentiment
from
various
tweets,
indicating
a
general
consensus
that
Ethereum
might
underperform
in
ETF
inflows,
which
he
believes
is
an
undervalued
viewpoint.

“Given
the
fact
that
Bitcoin
is
significantly
upticking,
the
ETH
inflows
could
surprise.
And
the
ETH
chart
really
hasn’t
done
as
much
as
you
think
it
would,
considering
they’re
on
the
verge
of
a
major,
major
catalyst

he
explained,
suggesting
that
the
market
might
be
underestimating
Ethereum’s
appeal
to
institutional
investors.

FreeBitcoin Banner  

#3
Crypto
Trend:
Real-World
Assets

Third,
Deutscher
explored
the
concept
of
real-world
asset
(RWA)
staking
as
an
emerging
investment
opportunity
within
the
Ethereum
ecosystem.
He
cited
Ondo
Finance
as
a
leader
in
this
area,
already
showing
strong
performance
and
potential
for
further
gains.

“It’s
actually
consolidating
into
another
bull
flag
here
on
the
1-hourly
and
the
4-hourly
after
breaking
above
that
$1.33
level.
The
price
action
here
is
absolutely
absolutely
amazing.
It’s
a
thing
of
beauty,”
Deutscher
noted.

ONDO/USDT,
4-hour
chart
|
Source:
YouTube
@
Miles
Deutscher

He
also
highlighted
projects
like
Mantra
and
Pendle
as
other
key
players
benefiting
from
the
shift
toward
RWA
staking.
“Mantra
recently
announced
their
staking
as
well.
Pendle
is
obviously
a
platform
to
enable
you
to
earn
yield.
This
is
a
clear
beneficiary.
These
tokens,
in
my
opinion
have
been
the
RWA
leaders,
[…].
All
of
these
can
perform
well.”

At
press
time,
ETH
traded
at
$3,799.

Ether
price,
1-week
chart
|
Source:

ETHUSD
on
TradingView.com

Featured
image
created
with
DALL·E,
chart
from
TradingView.com

Go to Source
Author: Jake Simmons


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