Just finished reading the latest news. Here's my take.
I noticed BTC is struggling to break above $60941.17, which is a key level that caught my eye.
It signals that the bears are still in control, and we might see a further drop to $59855.16, where some buyers might step in.
Meanwhile, ETH is also under pressure, trading at $1575.09, which is not far from its low of $1562.86.
I'm bearish on the market right now, and I think we might see a drop in other coins like XRP, which is currently at $1.0500.
My entry zone for a short position would be around $1.0777, with a stop-loss at $1.0850, and a take-profit at $1.0200.
The overall market sentiment is cautious, with most coins in the red, including BNB, which is down 1.45% to $558.74.
I'd be careful with my trades, and consider a long position only if we see a bounce above $60205.78 in BTC.
#cryptomarket #bitcoin #ethereum #xrp 📉💰