Genuinely curious what you guys do when the market is like | CRYPTO MECHANIC on Binance Square

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CRYPTO MECHANIC

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Genuinely curious what you guys do when the market is like this.?

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Bitcoin continues to trade within the range, Tapped range low yesterday and bounced. $88200 - 89200 will be a key zone to watch. It is the mid range and the zone price broke yesterday. Reclaim Above mid range - Price can go for $93k again As long as its below 89200 - it can go for range lows once again. As the price is ranging we have to focus on these levels, personally i will just avoid this chop as i have been, As a SPOT only trader the risk and reward here is not attractive.

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I’ve been thinking about this for a long time, so I thought I’d share it with you. I keep asking myself: what is left that can actually pump crypto now? We’ve already had almost every bullish catalyst: We had a pro crypto US government. We had ETFs. We had Saylor buying billions he almost $2B in the last two weeks. We had institutional demand and DATs We were expecting rate cuts to pump the market. we got three consecutive rate cuts, and still nothing happened. At the same time, Gold, Silver, Nasdaq and SPX are all at all-time highs. Historically, crypto moves with the same macro and liquidity forces. But this time, crypto just didn’t perform. When I think about all this, one question keeps coming up: What does crypto actually need to move? Or are we simply at a stage where all the good news is already priced in, and price now needs time rather than news? This isn’t panic. Just an honest thought.

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I don’t even remember the last time I shared a buy setup for altcoins. It’s mostly been BTC since prices broke the uptrend. Personally, I’m just sitting on the sidelines and watching the market. I haven’t got any entry trigger. This is not the kind of market that favours my trading style.

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$BTC Update on the pattern i shared and said we might see some volatility this week. It didn’t hold that low and dropped further. My guess for a breakout to the upside was obviously wrong. What’s next? When price breaks a key zone, things usually become pretty clear for the next move. As long as price doesn’t reclaim the broken zone, you simply expect it to continue its trend. Besides the lower timeframe moves, we are still within a range the same range I’ve been sharing for the last two weeks.

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