There is no any such strong evidence for market to go upside. Without spreading any fear market trend has changed to bearish. Bitcoin might be bullish for short term which can be because of some reasons.
Either fake breakout to trap the investors or any news which has temporarily pumped the market.
Otherwise, market in long term is bearish which will surely have to go down. Right now the price of Bitcoin is standing at $62600 which has risen about 5%.
But soon this will come down again. Still I am in favor of short position trades but with proper stop losses.
The main reason I am scaring from market is the ongoing war. This will surely disturb many investors any time soon.
A huge dump is expected with the start of the next week which will shock many investors.
Therefore, its better to stay away from the market or do trades with proper precautions.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
IMAGE TAKEN FROM CANVA
Thank You!
Best Wishes.
