According to BlockBeats, 10x Research, a prominent financial institution, has expressed a cautious stance on the cryptocurrency market. The organization made this announcement on social media on April 8th, stating that it had become more cautious about a month ago, on March 8th. This shift in attitude followed a significant bullish trend that had been observed since January 25th.
The organization explained that their caution was due to the unpredictable nature of long-term returns in the market from a technical perspective. 10x Research emphasized that cryptocurrency trading is a game of risk and return, and traders should know when to place heavy bets and when to hold back. They noted that the past thirty days were not a period for heavy betting.
However, 10x Research also indicated that this situation could change quickly. The trading signals they are monitoring have conveyed similar information, suggesting that the market dynamics could shift in the near future. The organization did not provide further details on the potential changes or the specific trading signals they are tracking.
