I checked the market at 2 a.m. BTC was still hovering around 83,000, up half a percent, while ETH followed along to 2,510. The whole market was up 62%, but only 1.8% of coins were actually up more than 10%. Basically, BTC was holding steady while altcoins each had their moment.
The Fear & Greed Index was at 61, still in greed territory. What’s interesting about this level is that BTC hasn’t broken out or dropped, yet money is still rushing into the small-cap coins making headlines—SWARM, STRK, TRUMP, TIA, and PENGU are all on the list. When BTC is flat like this, hot coins can actually offer better opportunities.
I’m leaning bullish, but I don’t want to chase prices. If BTC pulls back to around 82,000 and holds, I’d test the waters with half my position, with 85,000 as the next resistance to watch. For ETH, I’m also watching support at 2,450; if it breaks, I’ll reassess. The headline-making altcoins rotate fast, so chasing them can leave you trapped. Better to wait for a pullback.
A few things to watch: whether BTC can hold above 82,000, whether ETH can defend 2,450, and whether the names on the trending list change. Once the hot coins rotate, the pace changes too.
The Fear & Greed Index was at 61, still in greed territory. What’s interesting about this level is that BTC hasn’t broken out or dropped, yet money is still rushing into the small-cap coins making headlines—SWARM, STRK, TRUMP, TIA, and PENGU are all on the list. When BTC is flat like this, hot coins can actually offer better opportunities.
I’m leaning bullish, but I don’t want to chase prices. If BTC pulls back to around 82,000 and holds, I’d test the waters with half my position, with 85,000 as the next resistance to watch. For ETH, I’m also watching support at 2,450; if it breaks, I’ll reassess. The headline-making altcoins rotate fast, so chasing them can leave you trapped. Better to wait for a pullback.
A few things to watch: whether BTC can hold above 82,000, whether ETH can defend 2,450, and whether the names on the trending list change. Once the hot coins rotate, the pace changes too.