Fear and Greed Index is currently at fear levels. At the same time, Bitcoin is flowing further down as it is not filling big orders. Most is from retail activity.
Our last Order Book analysis is still valid, so our recommendation is to stay strong until that structure is broken. If this bear run continues, we may face a crypto winter.
Bitcoin has also interacted with the 200 Daily Moving Average. If it doesn’t support today’s close, every approach will be from now. After that, Bitcoin holders could only rely on fundamental moves.
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Keep your profits safe, Alkalites.