10 hours has left before BTC's month candle close, while bitcoin is slightly above its crucial support - previous month close - at $38.5k.
Fear & Greed index is at 20 points (extreme fear)
Nuclear war treats
EU parliament crypto bans
Inflation
Fed threats rising interest rates & many more are holding the markets in uncertainty & extreme fear
On the other side,
more countries adopt cryptos as a payment method
whales like LFG, Microstrategy bought large amounts of cryptos in April
BTC and ETH ETFs in Austria
USA, UK and UAE are trying to become global crypto hubs
& more.
In a technical point of view, if bitcoin closes below $38.5k - next crucial stop is around $35k - whole market will collapse. It's probable, but not certain.
Alts are riskier, especially for overleveraged traders.
It's a bad idea to open longs or short with high leverage in this levels
Crisis brings opportunities.
Fear & uncertainty in the market are signs to go long. BE CAREFUL that's not a timing indicator.
Investing is a probability game.
Try for consistency, there is no perfection in this.
Not financial advice. Always do your own research.
Fear & Greed index is at 20 points (extreme fear)
Nuclear war treats
EU parliament crypto bans
Inflation
Fed threats rising interest rates & many more are holding the markets in uncertainty & extreme fear
On the other side,
more countries adopt cryptos as a payment method
whales like LFG, Microstrategy bought large amounts of cryptos in April
BTC and ETH ETFs in Austria
USA, UK and UAE are trying to become global crypto hubs
& more.
In a technical point of view, if bitcoin closes below $38.5k - next crucial stop is around $35k - whole market will collapse. It's probable, but not certain.
Alts are riskier, especially for overleveraged traders.
It's a bad idea to open longs or short with high leverage in this levels
Crisis brings opportunities.
Fear & uncertainty in the market are signs to go long. BE CAREFUL that's not a timing indicator.
Investing is a probability game.
Try for consistency, there is no perfection in this.
Not financial advice. Always do your own research.