Hello everyone,
I want to clarify why I mentioned that the bullish momentum is over for all the markets. I don't make such statements without proper analysis. I always provide updates with confirmation from my analysis, which is why I mentioned that the bullish momentum has ended. I believe that 80-90% of the markets will experience further drops, which is why I recommended closing long positions.
Total Market Capitalization excluding BTC and ETH :
Regarding the total market capitalization excluding $BTC and ETH, I've analyzed the chart and it shows that a real breakout has occurred in the support level at 333.89 billion dollars. This suggests that 80-90% of the markets will likely drop soon. I advise everyone to either close their long positions or hold them with proper risk management.
As for #BTC , as I mentioned in a previous post, its movements will significantly influence $ETH and other markets. If BTC's price goes up, ETH follows suit, and if BTC drops, ETH also tends to drop. It's likely that ETH will trade in the range of 1,720 to 1,680. I recommend trading based on trends.
Today, I won't be providing any signals. I suggest that everyone takes a break during this bear market, and we can resume trading tomorrow. If you have enough funds, you may consider holding your $BTC and #ETH long positions with proper risk management.
Thank you.
Author(X&T) : KingofBTC2024
I want to clarify why I mentioned that the bullish momentum is over for all the markets. I don't make such statements without proper analysis. I always provide updates with confirmation from my analysis, which is why I mentioned that the bullish momentum has ended. I believe that 80-90% of the markets will experience further drops, which is why I recommended closing long positions.
Total Market Capitalization excluding BTC and ETH :
Regarding the total market capitalization excluding $BTC and ETH, I've analyzed the chart and it shows that a real breakout has occurred in the support level at 333.89 billion dollars. This suggests that 80-90% of the markets will likely drop soon. I advise everyone to either close their long positions or hold them with proper risk management.
As for #BTC , as I mentioned in a previous post, its movements will significantly influence $ETH and other markets. If BTC's price goes up, ETH follows suit, and if BTC drops, ETH also tends to drop. It's likely that ETH will trade in the range of 1,720 to 1,680. I recommend trading based on trends.
Today, I won't be providing any signals. I suggest that everyone takes a break during this bear market, and we can resume trading tomorrow. If you have enough funds, you may consider holding your $BTC and #ETH long positions with proper risk management.
Thank you.
Author(X&T) : KingofBTC2024
