Bitcoin BTC price sets the mood of the crypto market
Updated
The OcUptober fest did not go well on the crypto market - sadness, pain, and the red color reigned supreme.
But is it really that bad, let's find out.
BTCUSDT price has dropped to 60k and the middle of the channel, where the price has been consolidating for more than 7 months. And although we have set 57k per BTC as a critical level for ourselves, but maybe we don't need to go there anymore ?)
It's better to use 1-2 large green daily candles up to
64K per #Bitcoin. Unfortunately, we don't control the market)
🟢 BTC.D - 58.17%
🟢 USDT.D - 5.82%.
Both indices are slowing down their growth and trying to turn down, which may be a fresh breath of air for altcoins, but it will probably not be enough for everyone)
🔴 The Fear and Greed Index is 37 (a couple of days ago it was 61), there is already fear, but not yet critical, which is where global reversals usually come from.
🍿 We are waiting for Chinese liquidity to enter the cryptocurrency market, just a little more patience. By the way, CCFX with “Chinese roots” has held up quite well in recent days,
it is worth keeping an eye on.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
But is it really that bad, let's find out.
BTCUSDT price has dropped to 60k and the middle of the channel, where the price has been consolidating for more than 7 months. And although we have set 57k per BTC as a critical level for ourselves, but maybe we don't need to go there anymore ?)It's better to use 1-2 large green daily candles up to
64K per #Bitcoin. Unfortunately, we don't control the market)🟢 BTC.D - 58.17%
🟢 USDT.D - 5.82%.
Both indices are slowing down their growth and trying to turn down, which may be a fresh breath of air for altcoins, but it will probably not be enough for everyone)
🔴 The Fear and Greed Index is 37 (a couple of days ago it was 61), there is already fear, but not yet critical, which is where global reversals usually come from.
🍿 We are waiting for Chinese liquidity to enter the cryptocurrency market, just a little more patience. By the way, CCFX with “Chinese roots” has held up quite well in recent days,
it is worth keeping an eye on.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.