---
◾️ Still trading at a crucial support level of 61-62K. Positivity will be seen after closing and stabilizing above the 62K level.
◾️ The next important support is the main bottom at the 57K level, and breaking it targets another drop towards 52-51K.
◾️ Price behavior has formed a very strong positive divergence on most oscillators, and in my opinion, a rebound is coming.
◾️ The idea that Bitcoin has formed its historical peak for this cycle is not considered at the moment, in my opinion. What is happening now is less severe compared to previous cycles before the final surge and the start of the altcoin season.
◾️ In my opinion, the upcoming rise will be for Bitcoin and altcoins, and the altcoin season is not far off. If Bitcoin starts to rise strongly again, it will target new peaks, and altcoins will also start to surge. This phase is the riskiest in the market, and an exit strategy should be planned.
◾️ Personally, I haven't moved my portfolio at all over the past few days. I am still holding my quantities in cryptocurrencies and haven't added more because the market is in sensitive areas; I’m just watching.
◾️ As we said yesterday, the Fear and Greed Index is at very low levels, making it a good time to look for buying opportunities. In my opinion, the buying opportunity for Bitcoin and cryptocurrencies will be after it returns and stabilizes above the 62K level.
---
