Stop forcing yourself to trade!
Nothing is going to happen.
Im sure a lot of you are entering trades now trying to recoup losses from yesterday, that is a mistake.
Firstly what happened yesterday was not a crash, buying now is not buying the dip, the market could still fall more, it could still fall a lot more.
This is not FUD or to spread doubt.
Next week on Wednesday will determine the Crypto price direction, once the CPI data and FOMC press conference has finished.
The Jobs and earnings data from yesterday was bad for crypto because it shows interest rates could stay higher for longer, it also keeps an interest rate increase on the table, this is unlikely but would be terrible for Crypto.
For those who dont understand, higher interest rates are bad for crypto because the cost of borrowing money is higher and also the reward for saving money
Higher interest rates-less borrowing and more saving.
Lower interest rates-more money going into "risk on" Crypto.
It sucks but its reality, none of us have the money to move the market, the people and funds who do are all waiting or trying to pre empt what happens on wednesday.
No moves are going to happen now, especially after what happened yesterday.
Dont lose money trying to guess the market now, everything you lose now is bankroll for future profitable trading conditions.
Peace
