Key Takeaways
BTC closed its first 4h candle below $26k since March.
Another move is brewing, with shorts targeting the $25k level. This could be the last opportunity to buy before big whales buy the dip.
Despite the anxiety and fear in the market, alts are holding up quite well. ETH is outperforming BTC.
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dive into “Will trade returns for volatility and from a look into Tech giants’ and Bitcoin’s dominance skew S&P 500, crypto market growth rates.
BTC kicked off the week with a dip to the $25k range due to continuing FUD over Binance - the SEC lawsuit. On the bright side, bitcoin is giving signs of being oversold.
The short-term outlook suggests this is a solid opportunity to accumulate, especially if we revisit the low $25k area. A big move is brewing, and the market is even more overcrowded. It’s make-it-or-break-it for shorts.
The Bitcoin Risk Signal is back in the high-risk zone, however, it crossed before today’s move. With it, market sentiment changed from optimism to anxiety, to fear. This is due to the increased number of participants that are underwater and panic selling.
Another move down is still in the cards, yet we’re getting very close to stacked-up buy walls between $25,500 and $25k -
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