☀️ Morning market review for May 21, 2024:

General mood:

The share of Bitcoin in the total capitalization is 53.25%.

Fear and Greed Index: 76.

Altseason index: 40.

Market capitalization: $2.532 trillion.

LONG and SHORT ratio - 48.88% vs 51.12%

BTC analytics:

Yesterday's long scenario successfully reached the target of $71.281, confirming the effectiveness of the strategy.

At the moment, there is an increase in volatility, and the level of $71.281 now plays the role of resistance.

There is a high probability of transition to a local sideways trend, after which further exit and subsequent movements are expected.

In this regard, it is recommended to take a waiting position. Globally, the trend remains long and unchanged.

Most robots came out of drawdowns and closed in good profit.

We remind you that it is important to have a balanced portfolio of trading pairs from different sectors to compensate for drawdowns.