August’s close came with broad-based selling. In the last trading session of the month, BTC, ETH, and SOL closed lower, with declines of up to double digits in some altcoins, and the Fear & Greed index at 78, a greed zone.
Historically, September is the most challenging month for crypto, and entering it with an overstretched market increases the chances of a correction and profit-taking. The baseline scenario points to more volatility in the short term, with attention to support levels.
Caution and risk management remain the best strategy. Are you buying the dip or waiting for the bottom?
A final note: this is a statistical probability and scenario analysis, not an investment recommendation, and in the short term the crypto market is driven by news and flows that can change the picture in hours.
#BTC☀️ #AugustMove $BTC
Historically, September is the most challenging month for crypto, and entering it with an overstretched market increases the chances of a correction and profit-taking. The baseline scenario points to more volatility in the short term, with attention to support levels.
Caution and risk management remain the best strategy. Are you buying the dip or waiting for the bottom?
A final note: this is a statistical probability and scenario analysis, not an investment recommendation, and in the short term the crypto market is driven by news and flows that can change the picture in hours.
#BTC☀️ #AugustMove $BTC
