This is a classic market scenario! The atmosphere feels heated, but there's no sign of a bubble, and most altcoins are stubbornly holding back from breaking out.
However, we’re starting to see some divergence. It’s crucial to wait for confirmation from Bitcoin, as it remains the market leader.
Bitcoin hasn’t broken out yet, but it’s been steadily trending upwards. While we might see a few short-lived pumps, it’s wise to be cautious before 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!
I’ve tried positioning myself above the breakout from the $60K range, starting around $59,389, but none of those positions held. This emphasizes the importance of using stop losses and managing your emotions in this market. Stay tuned for more insights!
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