โ Sharing Recent Bitcoin Market Sentiment
1. The outlook isnโt very promising. ๐
2. The trend indicates a stronger downward momentum, with the weekly candlestick engulfing previous candles. ๐
3. In this trend, the yellow trend line is breaking downward, currently around 57.5K. โ ๏ธ
4. In the long term, breaking through the green channel and surpassing the previous high are crucial, but these goals seem quite distant for now. ๐
5. The prolonged downtrend and strong sideways movement are driving many investors away. ๐
6. Personally, I consider 27K to be a critical level for Bitcoin, so Iโm not planning to touch it at this stage. ๐ซ
7. Meanwhile, Altcoins continue to face an unrelenting downtrend. ๐ป
8. Holding cash seems to be the most appealing option at this moment. ๐ต
Conclusion: I believe a time will come when crypto investors will find joy again, but it seems unlikely to happen anytime soon. Patience is key. ๐
Good luck to all crypto investors!