Market continues to wipe people out, while alts keep suffering đ
Over the weekend the market behaved the same way as in the previous two weeks: pump â squeeze down â recovery, sweeping liquidity both above and below.
We briefly dipped below $81k, then bounced back to $82.6k, and alts are still suffering the most from this â they canât keep up with the recoveries.
The last sessions also saw heavy selling from funds, so itâll be interesting to see what happens next: whether the trend continues or we get a bounce. There are plenty of reasons for the correction to continue (geopolitics, oil, Hormuz, elections, etc.).
Locally on BTC I donât really feel like playing the guessing game. But if we approach the resistance around $85k, it could be worth looking for a short. If we dump into the $80.3â80.6k area, it becomes more interesting to look for longs. Scalpers â pay attention to the same AGT and Q.
Over the weekend the market behaved the same way as in the previous two weeks: pump â squeeze down â recovery, sweeping liquidity both above and below.
We briefly dipped below $81k, then bounced back to $82.6k, and alts are still suffering the most from this â they canât keep up with the recoveries.
The last sessions also saw heavy selling from funds, so itâll be interesting to see what happens next: whether the trend continues or we get a bounce. There are plenty of reasons for the correction to continue (geopolitics, oil, Hormuz, elections, etc.).
Locally on BTC I donât really feel like playing the guessing game. But if we approach the resistance around $85k, it could be worth looking for a short. If we dump into the $80.3â80.6k area, it becomes more interesting to look for longs. Scalpers â pay attention to the same AGT and Q.