In a recent market analysis, XBTManager suggests that the ongoing rises on the Coinbase side continue to represent selling opportunities. The index side, however, shows no signs of recovery. The market is expected to continue its short-term decline until a solid bottom is established.
XBTManager further posits that the market has been on a liquidity hunt for some time. Once sufficient liquidity is secured, the market is projected to resume its upward trajectory, following the major bull structure. This outlook reflects an optimistic stance on the future of the cryptocurrency market, despite current volatility.
