LIVE๐จ๐จ๐จ Attention my friend.
Bitcoin will no longer return to 2024 highs ๐ค๐ค๐ค๐ค
The #ETH & #BTC correction - what to expect
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๐ Good evening, friends! I hope that everyone calmly "sat through" today's correction, without excessive attempts to "catch knives" on futures? As I have already mentioned many times, increased volatility in the first few days after the transition of the month is the norm for an active cryptocurrency market: you should not feel any fear or discomfort in such ัoins โ ๏ธ
โ๏ธ Today's correction is another reset of free-lancers who gained longs in last week's sideways trend - in addition to the classic 6% correction with large liquidations and a test of the orderblock boundary at $3,300, we see an excellent reduction in ask orders and a significant prevalence of large purchases on delta volumes.
All this confirms the manipulative nature of today's decline, but in no way indicates the need for a deeper corrective move ๐ฏ
๐ก My advice to you in the current market is to "turn off" the fear and calmly add Ether to your spot portfolio: in the #ETHBTC pair it is holding up extremely well and there is no doubt that the capital will soon overflow into it. It is extremely likely that the current correction is the last chance to buy before returning to $4,000 for #ETH.
P.S. We will continue the upward movement soon.