The market is cooling, and the Fear & Greed Index has fallen
What do smart money and institutions think about the outlook? Here’s a quick roundup 💁♀️
🔸Yi Lihua | Trend Research
They believe the bull-market trend is intact, but the short-term pullback is far from over. They expect this move to fall below 79,000, but stick to the principle of “buying the dip in a bull market, not shorting it,” and are waiting for a good entry to buy the dip.
🔹Set 10 Big Goals First
They also believe the bull-market trend is intact, but don’t think prices will fall straight to 78,000, let alone 74,000. The fact that $BTC has shown little reaction to negative macro news is an important signal. However, if the price breaks below 79,000, they’ll start reducing their position; if the daily close falls below 78,000, they’ll exit all remaining long positions. If it doesn’t break below those levels, they’ll continue holding.
🔸Wintermute
Its report says the global digital-asset bull market is still in its early stages. Whether Bitcoin can strengthen further may depend more on traditional financial markets than on narratives within the crypto market, with the U.S. midterm elections on November 3 as a key variable. It also notes that the rally in low-quality altcoins is nearing its end, and warns investors to stay alert to the risks.
Overall, views on the broader bull-market trend remain consistent, but opinions differ on the recent price action. In particular, Boss Yi and Big Goals Guy have ended up on opposite sides of the trade, haha.
What do smart money and institutions think about the outlook? Here’s a quick roundup 💁♀️
🔸Yi Lihua | Trend Research
They believe the bull-market trend is intact, but the short-term pullback is far from over. They expect this move to fall below 79,000, but stick to the principle of “buying the dip in a bull market, not shorting it,” and are waiting for a good entry to buy the dip.
🔹Set 10 Big Goals First
They also believe the bull-market trend is intact, but don’t think prices will fall straight to 78,000, let alone 74,000. The fact that $BTC has shown little reaction to negative macro news is an important signal. However, if the price breaks below 79,000, they’ll start reducing their position; if the daily close falls below 78,000, they’ll exit all remaining long positions. If it doesn’t break below those levels, they’ll continue holding.
🔸Wintermute
Its report says the global digital-asset bull market is still in its early stages. Whether Bitcoin can strengthen further may depend more on traditional financial markets than on narratives within the crypto market, with the U.S. midterm elections on November 3 as a key variable. It also notes that the rally in low-quality altcoins is nearing its end, and warns investors to stay alert to the risks.
Overall, views on the broader bull-market trend remain consistent, but opinions differ on the recent price action. In particular, Boss Yi and Big Goals Guy have ended up on opposite sides of the trade, haha.