Hello everyone,
How are you all? I hope everyone is fine and doing great in life.
We have finally seen the market crashing and that is really a considerable dump where BTC and Eth came down from 108k to 93k and 4100 to 3100 and these are massive dumps which I think might have liquidated a lot of traders from the market itself.
Future traders were obviously liquidated as the long positions are no more their but we will see more liquidation if we see the market coming down to further levels.
At this moment we can only suggest one thing and that is as follows:
If you are a future trader take a break.
If you are spot trader just hold on to your assets and don't panic.
If you have funds DYOR and buy what you think is worth good projects.
There are a lot of views about the current market situation and some are going with the idea of bitcoin hitting 86k and there are some that says 92k will be the dip for this blood bath.
The reality is that no one can predict the market with 100% accuracy so it is on you how you behave in current situation. Personally, I want to stick with the idea of bitcoin not going below 90k because then we might see a bearish indicator.
If USDT dominance is increased and BTC dominance is increased we might find that good for BTC but for the rest of the market it will going to be a blunder.
Also, we still see the fear and greed index like that. What are your thoughts?
Thank you