Patience is bitter, but its fruit is sweet. —Jean-Jacques Rousseau
Settle in for a choppy week ahead. There are no signs of demand or intensifying selling pressure, therefore a break of the $28.8 - $30k range seems unlikely. Caution is advised, liquidity is low and the risk of a pronounced swing is high. Anything can trigger the next move.
From an altcoin perspective, we continue to see the swings from alt to BTC strength (Altcoin Cycle Signal). We won’t see an extended move in alts until BTC breaks over $30k, ETH is over $1950, and large caps begin to outperform. All eyes are on BTC.
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