Watch the Fear & Greed index hit 74—everyone thinks it’s about to crash, but I’m not in a hurry to short. The crowd is starting to get greedy, but the Long ratio is only 56.6% ($BTC m), not tense enough for an immediate sweep.
$ETH is different—then 72.9% of accounts are Long, so the risk of a Long squeeze there is much higher. Personally, I still prefer to trade in line with the prevailing trend rather than try to be a hero and go against the crowd right now.
The key BTC level to watch at the moment is the MA20 area around $80,169.
$ETH is different—then 72.9% of accounts are Long, so the risk of a Long squeeze there is much higher. Personally, I still prefer to trade in line with the prevailing trend rather than try to be a hero and go against the crowd right now.
The key BTC level to watch at the moment is the MA20 area around $80,169.
