Today I read a lot of articles about the “collapse” of Bitcoin. Maybe I missed something but my Bitcoin chart looks fine. And most altcoins are only down 2%-4%.

As discussed in many of my recent live sessions, Bitcoin is moving sideways in a corridor between ~60k and ~62k.

Of course, there is some fluctuation. Furthermore, the bulls and bears continuously test the boundaries of the channel. However, as long as we do not have the daily candles close significantly outside of this range then we are simply in a sideways market.

And yes, things can change quickly but a 2-3% BTC drop shouldn't scare you at all. Stay calm, monitor necessary levels and prepare accordingly.

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