Bitcoin and Crypto Market Selloff Analysis (Buy Now or Wait?)

2024년 3월 15일

On the one hand, this was a needed mini selloff, likely liquidating more leverage out of the system and resetting funding rates.

BTC trying to hold 68k and ETF money still goes brrr...

Will money flow slow, or we get another big push up Monday?

Lots of buy order blocks around 60k up to 64K and the crypto day traders are shorting now with that target in mind.

I do expect resistance at the former Market Cycle (Total Market Cap) at 3T.

At least many altcoins are holding here at their 21 day EMA's.

Also a few standouts looking good here for DCA buying.

What do you think?