🌍Market overview
Source pvp.trade
Source CoinTrendzBot
Source CoinTrendzBot
Today making you my daily analysis of the market, and not particularly, it is the only thing I review and operate, if in Bitcoin (BTC). We were just barely brushing $107K, an expected momentum. However, we faced strong selling volume around $106,500, the truth a tough resistance near that level that made the price pull back. Resistance that in the future will be a tough nut to crack.
At this point, I think it is prudent for all of us to set our sights on the 100 to 104K range. If we can see a sustained reaction from those levels, we may have a chance to retest the $107K range. But if the trend continues down and there is no bounce, we could be heading towards support at $98K. We see how Bitcoin's dominance has broken the uptrend it had and now everything seems to indicate that there will be a respite for altcoins. What do you think the chances are for altcoins next week or will Bitcoin drag the entire cryptomarket down with it? At times, the market can seem like a maze, but learning to read these patterns is critical.
In addition to the technical aspects, the way we react to global events is fascinating. I remember the discussion about Trump's return to power, which propelled the BTC price above $100,000. The euphoria was palpable, but now that energy has subsided, giving way to a cloud of uncertainty. What will the future hold? Will we be able to find global peace and prosperity, or are we closer to a crisis, such as a possible World War III?
Sometimes, it seems to me that market cycles mirror the cycles of life itself. It may sound poetic, but in these ups and downs, I see our own existence reflected. We all face moments of elation and doubt, and learning to navigate those emotions is what allows us to move forward.
I am a firm believer that understanding these cycles not only helps predict market behavior, but also prepares us to deal with global events. It gives us a broader perspective on what we are experiencing. So as we analyze charts and fluctuations, we must also remember what life teaches us.
How do you think these changes in the market will influence our day-to-day lives and the decisions we make regarding our assets?
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Every day I publish my analysis and my detailed opinion of the crypto ecosystem. If you want to dig deeper into this topic, let me know! Leave your reactions, comments or share your own thoughts on what's going on.
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Hello 👋 my name is Jelvys Triana and I am an Industrial Engineer in Cuba, cu. I invite you to follow me. When I'm not watching crypto news or trading, I'm studying programming and web application development with javascript, python and MySql.