In the current landscape, there is good and bad news that deserve our attention.
Let's start with the negative: current daily debts stand at $57,320 and $55,770 respectively. I'm not sure if the market will look for them, which represents an uncertainty.
But here's the good news: we have new daily debt at $65,820 to $65,900. This area is crucial and could be an important benchmark for the market.
It is essential to understand the different types of debts: daily, weekly, monthly and accumulation. Each offers valuable information about the direction of the market.
Current metrics show some uncertainty in the short term, with sales in the spot market and a significant liquidation of open interest. This could indicate a correction needed after a period of intense activity.
It is crucial to maintain a logical perspective in this market.
Although there are bullish expectations, we must be aware of possible market manipulations and act prudently.
Looking ahead, I think the bullrun will continue at least through the summer and possibly until the end of 2024. However, this bull run is unlikely to extend into 2025.
In short, we must pay attention to market signals and act prudently. With careful analysis and a logical mind, we can make informed decisions to protect and grow our wealth.
Good luck everyone and stay tuned for market trends!
