#MarketSentimentToday 💭 getting in Correction Phase
Wait for #BullMarkets 📈 agin after two days of bearish 📉 run.
Previously (3 days ago) there was a sudden drop in Crypto down to Market Cap of $ 2.15 Trillions. That was huge bang for crypto enthusiasts. Uncertainty prevailed among community but thanks God, it lived short.
This drop was due to three mega factors which cause FUD (Fear, Uncertainty and Doubts)
1. FOMC meeting on rate hikes
2. Continuous Flow of BTC ETF
3. Less in flow in newly launched BTC and ETH ETFs at HongKong Exchange
As of Today $BTC had touched $64 k , now again the graph is going down, which is a symbol of correction after two to three days of recovery from recent lows. No need to Panic, now it’s just passing through Profit Realisation (by traders/ investors) Phase and that based on previous days. The price may go down by 2 to 3 % of BTC and 6 plus % for Altcoins and 10 plus % for Memecoins. Keep a watch #CryptoWatchMay2024 on market then snap the opportunity once Price Chart gets into accumulation phase .
You may analyse accumulation phase by watching the total % drop as mentioned above and correlate it with lower support level formation 📊 in price chart.
It’s not a Financial advice but just for education and info purposes.
Thanks dear fellows ❤️🙂
