The mood on the market has changed, and now fear prevails. Although recently, at similar prices, greed and euphoria reigned against the backdrop of growth. I expect confirmation of activity from buyers below $55,000. Last month closed with a large shadow, which is a positive signal. However, such shadows are often followed by a long consolidation with full-bodied candles closing on higher timeframes, near the minimum.
On the daily chart, we see an excellent reaction from the level. In the event of a decline below $55,000 with a subsequent buyback, I will consider this as confirmation.
Otherwise, no changes, I partially expect an outflow of liquidity from BTC to altcoins within the 4th quarter, in the first three months of 2025. I expect altcoins to grow. 0 reply
0 recast
0 reaction