YESTERDAY'S MARKET VOLATILITY ‼️‼️‼️‼️‼️
A wave of selling pressure hit the market yesterday, leading traders to anticipate a potential correction to the $52,000 level. This key area is crucial, as it could either hold or break.
MARKET SENTIMENT
Despite expectations of a downturn, currencies have been steadily rising, leaving investors on the sidelines, waiting for a dip to buy. However, each upward movement is met with hesitation, leading some to buy in anticipation of a correction, only to see prices continue to rise.
CYCLE OF ANTICIPATION AND REACTION
This cycle persists, with traders buying on dips and selling on minor corrections, until sentiment turns bleak, prompting buying at resistance levels. Eventually, the market corrects again, repeating the cycle of anticipation and reaction among traders.