Analyzing the current cryptocurrency charts, I do not see a single positive signal hinting at growth.
Except for possible corrections…
Some projects are hitting new lows, others are entering the last zones of my interest, and only a few projects are shooting up.
Is this bad? Not at all.
One fine day, the world of cryptocurrencies was supposed to reach a point where not every project grows during an altseason. A point where only the strongest survive - such is the law of the jungle. For global development, this is undoubtedly a plus.
We, as market participants, must get used to it and adapt, analyzing the fundamental components of projects more carefully.
The mindset for the near future - to wait for the bottom and unexpected surges that cut out the remaining weak hands.
$AVAX The picture of this coin looks quite unattractive. We are trading for a consolidation below the 5-year low, and I don't see any positive signals so far. If we consolidate below $8.5, I will consider opening a short.
$BTC After a sharp drop, big daddy has gone into a small correction and is already ready to consolidate in the 50 - 60k$ zone. If you plan to buy in the near future, I advise waiting for consolidation in the above-mentioned zone. Locally, there is no positive sentiment from the market.