Hello everyone. I just the day before yesterday made a post about the fact that the positivity on the market in my opinion is not quite justified, and today as we can see there was a drawdown.
📑 It is especially noticeable on altcoins. For example, many people's favorite NOT, on which many people opened long positions, gave -20% in the moment. Yes, by tomorrow the price may recover, but still there were a lot of liquidations.
What do I expect from the market now?
I have already written this in one of my posts, but I will repeat it. I believe that bitcoin will renew the global high, but it will not go further. The $85,000 price is something I believe in very little.
• I think that after the new high, the price will go to a local correction.
In June, the market activity will remain at the same level as it is now, but July and August it will fall. The business season is ending, which means that people will pay less attention to the financial markets.
❕ Summer is a great opportunity to learn new things and to look out for trends, which locally can give additional profit 🔥
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