I'm going to be honest about where I stand right now.
Seeing $BTC struggle to stay above $65k is a real concern. It tried to push past it again and just couldn't hold, now sitting around $64071.60. This kinda price action tells me there's strong selling pressure at those levels.
The daily low of $63806.27 for BTC also shows the bears are in control for now. Not a good look when the big one keeps getting rejected.
Even $ETH is feeling the heat, currently at $1877.95 and down over 2% today. When the majors are weak, it's tough for the rest of the market to really shine.
So imho, I'm staying cautious. We need to see a clear break and hold above key resistance before I'd consider getting aggressive on longs. Ppl are still nervous. 📉
#CryptoOutlook #BTCPrices #MarketAnalysis #BearishBias #TradeSafe
Seeing $BTC struggle to stay above $65k is a real concern. It tried to push past it again and just couldn't hold, now sitting around $64071.60. This kinda price action tells me there's strong selling pressure at those levels.
The daily low of $63806.27 for BTC also shows the bears are in control for now. Not a good look when the big one keeps getting rejected.
Even $ETH is feeling the heat, currently at $1877.95 and down over 2% today. When the majors are weak, it's tough for the rest of the market to really shine.
So imho, I'm staying cautious. We need to see a clear break and hold above key resistance before I'd consider getting aggressive on longs. Ppl are still nervous. 📉
#CryptoOutlook #BTCPrices #MarketAnalysis #BearishBias #TradeSafe