🔸 The US economy is growing too hot, inadvertently becoming a cold shower that douses hopes for the Fed to lower interest rates soon. There is no cheap money, combined with the Tet holiday sentiment causing liquidity to shrink, and OI Futures decreased by 1.5%. Big players like Apollo Global are fleeing to Cash and Gold to shelter from risk, leaving the Crypto market exposed and vulnerable.
🔸 More frightening than macro news is $BTC just getting hit with the combo of the Death Cross and the Descending Triangle pattern. The price has broken through the Supertrend, signaling that the short side is completely in control of the game. If this pattern is activated, prepare for a strong dump; Altcoins could be split five ways or seven, no joke!
The situation is tense, have you guys cashed out yet or are you still holding on?
This article is for reference only and is not investment advice. Please read carefully and consider thoroughly before making a decision.
