๐๐ฅWelcome to the 85K zone. ๐ธ๐
While this might not be the exact move, my analysis leads me to believe itโs highly likely. Hereโs my reasoning: A vast majority of retail traders have bought altcoins in a panic-driven FOMO, holding onto them through the recent price surge without taking profits. Now, the reality of those investments is sinking in, as their initial gains have evaporated, leaving them in the red. For many, what was once a paper profit is now a tangible loss.
Given the current state of the market, the question arises: if prices start to rise again, why should they reward spot traders with profits? The market doesnโt owe anyone a favorable outcome. In fact, I anticipate a period of significant volatility ahead, where weโll likely see new entrants exiting their positions at a loss. These shakeouts will create room for the market to surge in a more substantial manner.
The true survivors in this scenario will be the long-term holdersโthose who have weathered the storms and maintained their positions through the ups and downs. However, even for them, patience is key. A major move in the market will require time and persistence.
In summary, while the potential for gains exists, it's clear that a shakeout phase is imminent. The market will test the resolve of new traders, rewarding only those who hold steady and resist the temptation to sell in fear. Keep your focus, as the real opportunities lie ahead, but only for those willing to wait.
