Briefly about the market by DOUBLETOP co-founder @hexdrunker
The market doesn't show any weakness. The current impulse implies a possible $28k this month. I don't rule out squeezes and LONG liquidations, but in the current realities, I don't see a correction below the breaker (purple zone indicated on the chart).
The stronger the trend, the smaller the correction and the stronger the rebounds from the supports.
I don’t recommend purchases by the current prices, and definitely don’t try to short in any case, no matter what setups you draw - they will all be broken.
P.S. I’m actually shocked at how quickly market moods are changing.
On Friday, everyone was thinking that crypto is over, and today everyone is bullish:
Most crypto influencers changed their minds to LONG (e.g. @CryptoHayes with his bull run "calling");
Rumors on QE return;
Less trust in banks;
More trust in stables, even after de-peg.
Just saying. Everything turned out very easily, even the $200m #Euler exploit didn't affect the market in any way. Are whales playing with us?
