Something in the news just caught my attention.
The fallen crypto mogul serving a 25-year sentence filed a clemency petition is kinda old news but its still affecting market sentiment, especially with BTC at $63771.86 and ETH at $1691.50.
I think this news is a distraction from the real market drivers, like the US inflation data that came out in April, which was a major reason for BTC's weakness, and now everyone is waiting for Wednesday's CPI data to see where the market is headed, with some support at $61184.00.
Considering the recent price action, with BNB at $604.26 and SOL at $67.17, I'm taking a cautious stance, looking for a potential entry zone around $61000 for BTC, with a stop-loss at $59000, and a take-profit at $65000, idk what will happen tho 🤔.
My strategy is to add some BTC and cash to my portfolio, similar to what the company did with their $214 million ETH purchase, and the $181 million raised through stock sales, we'll see how it plays out, btw ETH is looking strong above $1604.00.
#cryptomarket #bitcoin #ethereum #tradingstrategy #investwise 💰