đ„ August Starts with Extreme Fear⊠Is This the Setup Weâve Been Waiting For?
BTC just closed July up ~7% but is now sitting around $63K after a sharp pullback.
ETH was the real star last month (+~20%) and is holding much stronger relative strength.
Fear & Greed is stuck in Extreme Fear territory.
Liquidity is still selective.
Institutions are quiet.
Retail is tired.
Historically⊠these are the conditions where the next leg starts quietly.
Key things Iâm watching this week:
âą Does $62Kâ$63K hold as support?
âą Can ETH keep outperforming and push the ETH/BTC ratio higher?
âą Will any macro data (or lack of rate hike pressure) give risk assets breathing room?
This market doesnât feel like capitulation⊠it feels like boredom + fear.
And boredom + fear is usually where smart money accumulates.
Whatâs your plan right now?
A) Accumulating on dips
B) Waiting for clearer breakout
C) Still on the sidelines
Drop your answer + the coin youâre most focused on đ
#BTC #ETH #CryptoMarket #BinanceSquare #MarketUpdate
BTC just closed July up ~7% but is now sitting around $63K after a sharp pullback.
ETH was the real star last month (+~20%) and is holding much stronger relative strength.
Fear & Greed is stuck in Extreme Fear territory.
Liquidity is still selective.
Institutions are quiet.
Retail is tired.
Historically⊠these are the conditions where the next leg starts quietly.
Key things Iâm watching this week:
âą Does $62Kâ$63K hold as support?
âą Can ETH keep outperforming and push the ETH/BTC ratio higher?
âą Will any macro data (or lack of rate hike pressure) give risk assets breathing room?
This market doesnât feel like capitulation⊠it feels like boredom + fear.
And boredom + fear is usually where smart money accumulates.
Whatâs your plan right now?
A) Accumulating on dips
B) Waiting for clearer breakout
C) Still on the sidelines
Drop your answer + the coin youâre most focused on đ
#BTC #ETH #CryptoMarket #BinanceSquare #MarketUpdate