The market has been bleeding for the past 2-3 weeks. Here is something you should know about what is happening:
First of all, we should thank celebrities for ruining the market's liquidity. You should avoid them as they are irrelevant in their space too.
Secondly, miners have sold more than 30k BTC in the past 30 days, and the average mining cost is 85k right now. We really need to hold the 63k area, which is the 21 WMA support. Another reason might be the outflows from BTC ETFs over the last 4-5 days.
The market will eventually heal. The U.S. market is up,BTC is next. Don't overtrade and try not to get liquidated.
Touch grass, just believe in yourself. The market will heal, and we will recover from our losses.
Alts are down more than 50%. I just want to ask, how is trading going in your VIP group? Did they tell you to short? I mean, 10 days of slow bleeding and still no fear, no sign of reversal. Is everyone good at the market?
Guys, the reason I’m not trading right now is that technical analysis is not working in smaller tf. If you have money to invest, kindly wait for BTC and ETH to break out of the downward channel.