$BTC $ETH The top two on the trending list are both dominated by negative sentiment: one has fallen back below 81,000, the other below 2,400.
Everyone sounds pretty anxious. BTC is up just 0.2%, and ETH only 0.14%. There’s plenty of criticism, but prices have barely moved. It’s all talk about CPI, long liquidations, and Peter Schiff’s old refrain about selling BTC for gold.
Put simply, attention hasn’t turned into buying pressure. The more heated the discussion gets, the colder the market looks. I think we haven’t hit bottom yet; the premium hasn’t fully compressed.
If you want to know whether to be bullish or bearish, watch whether the market’s modest gains can follow through once $BTC gets back above 81,000. All talk, no money.
#BTC #Sentiment
Everyone sounds pretty anxious. BTC is up just 0.2%, and ETH only 0.14%. There’s plenty of criticism, but prices have barely moved. It’s all talk about CPI, long liquidations, and Peter Schiff’s old refrain about selling BTC for gold.
Put simply, attention hasn’t turned into buying pressure. The more heated the discussion gets, the colder the market looks. I think we haven’t hit bottom yet; the premium hasn’t fully compressed.
If you want to know whether to be bullish or bearish, watch whether the market’s modest gains can follow through once $BTC gets back above 81,000. All talk, no money.
#BTC #Sentiment