TOTAL MARKET CAP JUST PRINTED A RED YEARLY CANDLE $2.19T LEVEL IS KEY
This is HUGE. The TOTAL crypto market cap closed a yearly candle red for the FIRST TIME EVER. This is a major bear signal ignored by most. We are in a bear phase. Red yearly candles historically mean bear markets, seen in 2018 and 2022. After those, the market formed a base and saw massive green candles. This candle also looks like a doji, signaling indecision and a potential retest of a major level. The critical level is the 2021 yearly close around $2.19T. A retest here aligns with altcoin charts. A retest to $2.19T is the best risk-reward zone to load up. Long-term opportunities are born here. If $2.19T holds, we only go up. I expect a retest, but the market decides.
Disclaimer: This is not financial advice.
#TOTALMARKETCAP #CRYPTO #ALTCOINS $BTC $ETH
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