đ¨ MARKET SENTIMENT SHIFT!!
The market is actually in a neutral state. Everything you're seeing seems like an illusion to me.
BTC moves upward, but nothing happens to ALTCOINS. After BTC touched 69k, it went down, but it didnât affect the altcoins much.
Now, BTC is trying to move up again, but the alts remain unchanged. In my experience, and based on historical data, it seems BTC is holding its position around 66-67k and may try to convert the current greed into fear before jumping to a new all-time high (ATH). However, even with this, altcoins will still suffer.
As for SOL, itâs currently at 173 with rapid growth. Opening a long position here isnât advised. Instead, you can consider a short position, but only if you have significant margin. Otherwise, itâs better to wait for a perfect entryâthis isnât the right time to enter SOL.
Moreover, itâs not guaranteed that BTC will hold the 66-67k position; it could still go down to 62k or lower, depending entirely on market sentiment.
Historically, we know October is a month for gainers, but as October is ending, what more can you expect? November has the most awaited elections, plus the looming threat of interest rate hikes hanging over big investors as well as BTC and the entire market!
So, be ready for a âfallâ or crashâwhichever term you preferâbut be cautious with opening long positions in the future. For spot trading, you can open and DCA (dollar-cost average) later, but itâs not advised right now.
Always DYOR (Do Your Own Research).
â Suggestion By: @Rara Monte To Analyze $SOL Future!!
#TeslaBTCQ3HoldingsStable #ETHBTCNewLow #EmperorMajesty #CryptoPreUSElection #UptoberBTC70K? $BTC $ETH
