Two things happened this week that changed how I'm thinking.
BTC dropped below $76000 and ETH is hovering around $2080, which to me signals that the market is losing some steam.
I've been watching XRP and it's still stuck near $1.33, which is a crucial level that could determine the next move, if it breaks above $1.36 it could be a good sign for the bulls.
The fact that SOL is holding above $84 and DOGE is up almost 1% today is a good sign, but I'm still cautious about the overall market trend, especially with BTC's price action.
I'm looking at a potential entry zone for SOL around $82, with a stop-loss at $80 and a take-profit at $90, if the market breaks down I'll be watching $75300 as a key level for BTC.
Overall I'm bearish on the market right now, but I'm waiting to see how the next few days play out, especially with the current price action of ETH and BTC.
#cryptomarket #bitcoin #ethereum #tradingstrategy #bearishmarket