Interpretation of cryptocurrency market on February 3 2023
U.S. stocks surged last night, sending a bullish signal. The bullish signs have become more and more apparent. The crypto market is currently in a strong resistance zone. Once BTC breaks above 26,000 prices, the bull market will undoubtedly start. The First Wave will directly challenge the position around March last year, around 40,000.
It's only a matter of time before we break 26,000. It may be a matter of stepping back above 22,000 and 1,500 before rising again. If the breakout is straightforward, the remaining capital will be used as a short-term position to catch up. If back to step, you can short term do more. You can also consider additional long-term positions.
For March to stop raising interest rates and the end of the year is likely to cut interest rates is still the exact prediction. So no matter which case, the market outlook is optimistic.
It's only a matter of time before we break 26,000. It may be a matter of stepping back above 22,000 and 1,500 before rising again. If the breakout is straightforward, the remaining capital will be used as a short-term position to catch up. If back to step, you can short term do more. You can also consider additional long-term positions.
For March to stop raising interest rates and the end of the year is likely to cut interest rates is still the exact prediction. So no matter which case, the market outlook is optimistic.