Hey guys.
📊Crypto market continued its correction today and tested local supports.
📌Now bearish sentiment prevails in the market, but that's how sentiment works, when everything is growing and prices are at highs people tend to buy, and when prices are falling people tend to sell their assets at a loss.
I don't see any significant changes in onchain. Yesterday there was a decent outflow from Bitcoin ETFs which added fuel to the downward movement.
Yesterday's idea with the breakdown and absorption of bearish bars did not materialize and did not give entry points.
📌The key support for Bitcoin below which we should not fall and consolidate is 95-94K. An important zone when broken which we can consider buying is 95K.
💡 For Ethereum, such an important zone is 3.4K, the breakdown of which will mean the strength of buyers.
✅We are close to the bottom and now is not the time to panic and sell off your portfolio and on the contrary it is a good time to pick up quality assets.
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