Took a quick look at the charts—BTC is slowly grinding around 82,000, up less than 1%. Feels like both bulls and bears are sitting on the sidelines. The Fear & Greed Index is at 63, which isn’t low, but it’s nowhere near last year’s full-on bull market euphoria either… kind of awkward.
I’m mainly keeping an eye on ETH. The ETH/BTC ratio has been flat on the floor for ages, and lately it seems like it might be trying to turn around, but every little rally gets slapped back down. This kind of choppy price action is exhausting: either a huge green candle suddenly lures you in, or it just slowly bleeds lower until you start questioning everything.
Anyway, I’m sitting tight today. I had a small long order parked just below 81,000 earlier, but if it doesn’t fill, so be it. Chasing a rally at these levels isn’t my style. I’d rather miss out than be the last one left holding the bag.
Do you think ETH can bounce against BTC, or is altseason just a myth? 🤷 #BTC #ETH NFA
I’m mainly keeping an eye on ETH. The ETH/BTC ratio has been flat on the floor for ages, and lately it seems like it might be trying to turn around, but every little rally gets slapped back down. This kind of choppy price action is exhausting: either a huge green candle suddenly lures you in, or it just slowly bleeds lower until you start questioning everything.
Anyway, I’m sitting tight today. I had a small long order parked just below 81,000 earlier, but if it doesn’t fill, so be it. Chasing a rally at these levels isn’t my style. I’d rather miss out than be the last one left holding the bag.
Do you think ETH can bounce against BTC, or is altseason just a myth? 🤷 #BTC #ETH NFA