BTC took a tumble, but it’s not yet time to shout “bear” 🤔
BTC dropped from 79,500 to 75,500. AAVE and LTC led the plunge—looks scary at first glance, but when you break it down, it’s not actually that bad: the EMA is still in a bullish alignment, and volume hasn’t expanded. This looks more like catching your breath after running too fast, not a sudden turn-and-run.
The real variable is next week: PCE inflation, Nvidia’s earnings report, and the first appearance at the Jackson Hole event by (Jerome) Powell. Four trading days, all packed with catalysts—volatility won’t be low.
So is this pullback a discounted entry to buy, or should you move a chair and watch first?
My take: the trend hasn’t broken, but the catalysts are coming too densely. Don’t go all-in—staggered entries are safer.
#比特币创2023年3月来最强周涨幅 #AAVE #LTC $BTC $AAVE $LTC
BTC dropped from 79,500 to 75,500. AAVE and LTC led the plunge—looks scary at first glance, but when you break it down, it’s not actually that bad: the EMA is still in a bullish alignment, and volume hasn’t expanded. This looks more like catching your breath after running too fast, not a sudden turn-and-run.
The real variable is next week: PCE inflation, Nvidia’s earnings report, and the first appearance at the Jackson Hole event by (Jerome) Powell. Four trading days, all packed with catalysts—volatility won’t be low.
So is this pullback a discounted entry to buy, or should you move a chair and watch first?
My take: the trend hasn’t broken, but the catalysts are coming too densely. Don’t go all-in—staggered entries are safer.
#比特币创2023年3月来最强周涨幅 #AAVE #LTC $BTC $AAVE $LTC