Be fearful when others are greedy. Be greedy when others are fearful." — Warren Buffett
Not the best start to the week... BTC sub $29k, risk signal stagnated at 70 (high-risk zone), and weakness spread across markets. We remain in a tight range, in no man’s land. However, open interest increased last time around these levels, driving us to retest $30k. Is this the end of the short-term weakness?
Go easy on alts until we have further clarity on the next move. The Altcoin Cycle Signal is hovering around 50 as there is a lack of strength in the crypto market. FUD continues, caution is advised.
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