This is a classic market scenario! The atmosphere feels heated, yet there's no sign of a bubble, and most altcoins are stubbornly holding back from breaking out. However, weโre starting to see some divergence. It's crucial to wait for confirmation from Bitcoin, as itโs the market leader.
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Bitcoin hasnโt broken out yet, but itโs been steadily trending upwards. While we might see a few short-lived pumps, caution is advised in entering the market to avoid getting stuck holding bags. A decisive breakout above $63K, if sustained, could signal the start of a historic bull run, but until then, we remain on high alert!
Iโve attempted to position myself above the breakout from the $60K range, starting around $59,389, but none of those positions held. This highlights the importance of using stop losses and managing your emotions in this market. Stay tuned for more insights!
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