At the end of the day, the altcoin market experiences a decline of over 5%. However, Bitcoin maintains its strength, trading above $10,300. Bitcoin's dominance continues to rise, reaching 58%, while the reserves of this cryptocurrency on exchanges keep decreasing. This trend suggests an increasing demand for long-term accumulation and raises the likelihood of a positive shock in the exchange market.
On the other hand, Trump’s recent statements and actions regarding cryptocurrencies continue to create a favorable climate for the sector.
In line with this positive outlook, I maintain a bullish stance for the market. While corrections may occur in the short term, I believe the underlying trend is bullish. As part of this strategy, I have kept open a call option on Ethereum with an average strike price of $3,200 and I have opened a spot position in #THETA demonstrating my confidence in the growth potential of these assets.
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FET
97,227.24
+0.97%
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FET
1.292
+1.17%