Markets all around are looking quite weak as BTC failed to reach the 55-56K level and the S&P has bearish signs. Seeing some good pressure here that may brake the first trendline support as the bulls aren't able to pull up and away from it.
The key support area would be the 48K, which I don't believe will be broken soon. But Elon is becoming old news and 50K target was hit. The market is kinda looking like a pig in lipstick without any positive catalysts. We could be reaching the start of a correction, unless Elon gets onto Clubhouse right quick! The market will at least test the FOMO buyers with a shack out. Goodspeed from way up there on that BTC peak....
The key support area would be the 48K, which I don't believe will be broken soon. But Elon is becoming old news and 50K target was hit. The market is kinda looking like a pig in lipstick without any positive catalysts. We could be reaching the start of a correction, unless Elon gets onto Clubhouse right quick! The market will at least test the FOMO buyers with a shack out. Goodspeed from way up there on that BTC peak....