$BTC is showing clear signs of weakness on the 1H chart ๐
From the 76k zone down to around 74.5k in a short time, the current bounce is still pretty weak and the volume hasnโt shown buyers coming back in strong.
What I'm paying attention to is:
$BTC is still holding support at 74.2k
But the bounces are getting sold off quickly
Altcoins are starting to bleed harder than BTC
If BTC doesnโt reclaim the 75.5k zone soon, there's a high chance the market might see another dip ๐ถ
Right now, Iโm more on the sidelines watching than entering trades. Going long at this point feels a bit sketchy ๐
#Altcoins
#BTCETFDemandDropsRiskIndexHigh
From the 76k zone down to around 74.5k in a short time, the current bounce is still pretty weak and the volume hasnโt shown buyers coming back in strong.
What I'm paying attention to is:
$BTC is still holding support at 74.2k
But the bounces are getting sold off quickly
Altcoins are starting to bleed harder than BTC
If BTC doesnโt reclaim the 75.5k zone soon, there's a high chance the market might see another dip ๐ถ
Right now, Iโm more on the sidelines watching than entering trades. Going long at this point feels a bit sketchy ๐
#Altcoins
#BTCETFDemandDropsRiskIndexHigh