Cryptoart

GM

Yesterday's PA was crazy. This is why I don't trust these kinds of pumps. They are mainly driven by perps and spoofing, with the intention of trapping people near resistance levels.

BTC has retraced most of the dump, but alts look weak after yesterday's P&D. It's a sign of preliminary supply. In my opinion, this could be the beginning of the final leg down (shakeout), with BTC potentially reaching $48k-50k and ETH $1.8k-2k. If the thesis is right, altcoins could dump between 25%-50% over the next few days, that's why I have a hedge position open.

Once again, don't panic if this happens. Just be ready for that scenario.