BITCOIN - Avoid new entries!
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Bitcoin breaks below the range straight away. Price broke and retested the zone, dumped hard, and reached the next support zone at around $34,200. Lower low continuation might continue to happen. Minor pullbacks can happen, but candles closing below $34,000 can lead to more dump in the market till $30,000, which is the major support area. Be sure to use tight stop-loss in your trades. Avoid new entries for now.
Commentaire
Greed and Fear Index fell to the value of 18, which is a 3-month fresh low. There's too much uncertainty in the market right now. We may see these dumps and accumulation for this month too. Better trade less and use stops in every trade.Commentaire
Bitcoin Dominance break to the upside and strong rejects from the resistance zone. Currently, the index is ranging in hourly timeframe and might go a bit lower till support around 41.30% - 41.40%, which can lead to a short-term alts rally.Commentaire
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