Yesterday, during the livestream, everyone was bearish, but I was bullish—and caught another big move.
Now Bitcoin is back above 83,000, and ETH has returned to around 2,500.
After the leverage was flushed out, the market clearly calmed down for a bit.
But capital is still clearly split: major coins are absorbing selling pressure at high levels, while—apart from a very small number of altcoins being strongly supported by inflows—most are still trying to find a bottom.
In this kind of market, try not to chase altcoins that have rebounded too sharply. The risk-reward ratio is just too poor.
Major assets are consolidating right now, which is still a great opportunity to get a clear picture of how the holdings are distributed.
I’m still keeping my positions flexible. First, I’ll see whether this consolidation can stabilize the holdings at the bottom, then decide on my next move.$BTC
$ETH
Now Bitcoin is back above 83,000, and ETH has returned to around 2,500.
After the leverage was flushed out, the market clearly calmed down for a bit.
But capital is still clearly split: major coins are absorbing selling pressure at high levels, while—apart from a very small number of altcoins being strongly supported by inflows—most are still trying to find a bottom.
In this kind of market, try not to chase altcoins that have rebounded too sharply. The risk-reward ratio is just too poor.
Major assets are consolidating right now, which is still a great opportunity to get a clear picture of how the holdings are distributed.
I’m still keeping my positions flexible. First, I’ll see whether this consolidation can stabilize the holdings at the bottom, then decide on my next move.$BTC
$ETH