đ Yesterday, I asked you to choose between A and B. Today, the market cast its vote for B.
Yesterdayâs midday post had just said, âOne day of gains followed by a pullback doesnât tell us anything about the trend.â Today, it quickly served up a sequel: $BTC 81,684 (â1.5%), with an intraday low of 80,939. ETH was even rougher, at 2,402 (â1.8%).
The biggest thing worth discussing today: this really isnât cryptoâs fault. Overseas tech stocks were sold off, and the broader stock market came under pressure. Crypto prices were dragged down along with everything else. Same old story: when macro catches a cold, altcoins get pneumonia first.
So, pick one:
A. A dip caused by macro jitters; once stocks recover, we grind back toward 85k
B. Failed breakout and another breakdown; lower expectations and play it safe for now
Iâm going with Bâfor the record, my face hasnât even stopped swelling from backing A yesterday.
Not investment advice. DYOR
#Bitcoin #Crypto
Yesterdayâs midday post had just said, âOne day of gains followed by a pullback doesnât tell us anything about the trend.â Today, it quickly served up a sequel: $BTC 81,684 (â1.5%), with an intraday low of 80,939. ETH was even rougher, at 2,402 (â1.8%).
The biggest thing worth discussing today: this really isnât cryptoâs fault. Overseas tech stocks were sold off, and the broader stock market came under pressure. Crypto prices were dragged down along with everything else. Same old story: when macro catches a cold, altcoins get pneumonia first.
So, pick one:
A. A dip caused by macro jitters; once stocks recover, we grind back toward 85k
B. Failed breakout and another breakdown; lower expectations and play it safe for now
Iâm going with Bâfor the record, my face hasnât even stopped swelling from backing A yesterday.
Not investment advice. DYOR
#Bitcoin #Crypto