Bitcoin is trying to recover, but I'm not convinced the worst is over yet.
$BTC is trading around $73.7K, and the market still feels weak. ETF outflows, inflation concerns and uncertainty around the Fed are keeping buyers cautious.
One thing worth watching: ETF outflows have slowed. That's encouraging, but we still need to see fresh buying before calling it a real recovery.
For now, $72K is an important level to hold. On the upside, I'd like to see BTC reclaim $75.5K before getting more confident.
Personally, I'm not rushing into a trade. I'd rather miss the first part of a move than enter without confirmation.
What's your move
buying this dip or staying on the sidelines?
#Bitcoin
$BTC is trading around $73.7K, and the market still feels weak. ETF outflows, inflation concerns and uncertainty around the Fed are keeping buyers cautious.
One thing worth watching: ETF outflows have slowed. That's encouraging, but we still need to see fresh buying before calling it a real recovery.
For now, $72K is an important level to hold. On the upside, I'd like to see BTC reclaim $75.5K before getting more confident.
Personally, I'm not rushing into a trade. I'd rather miss the first part of a move than enter without confirmation.
What's your move
buying this dip or staying on the sidelines?
#Bitcoin