Let me give you some practical market update outside the technical analysis 📊
We are in October month now If you remember the last $BTC crash 1 year ago then we are just 5 days away from that curse day.
Technically Bitcoin is showing strength but it doesn't matter if there is not enough volume in the market to push this price.
October crash has liquidated many whales and big accounts as many of us don't really use stoploss on trades so the emptiness in the void still remains.
Now we have enter this same curse month and you can already see altcoins showing bearish trend as traders are very afraid to open new trades.
If you are a newbie obserrve the market and wait for the next few days.
October 10th is the curse day when this day comes market might react differently so manage risk for that.
Other than that market still remains very strong.
We are in October month now If you remember the last $BTC crash 1 year ago then we are just 5 days away from that curse day.
Technically Bitcoin is showing strength but it doesn't matter if there is not enough volume in the market to push this price.
October crash has liquidated many whales and big accounts as many of us don't really use stoploss on trades so the emptiness in the void still remains.
Now we have enter this same curse month and you can already see altcoins showing bearish trend as traders are very afraid to open new trades.
If you are a newbie obserrve the market and wait for the next few days.
October 10th is the curse day when this day comes market might react differently so manage risk for that.
Other than that market still remains very strong.
