The cryptocurrency market is at a tipping point. A significant sell-off may be imminent after altcoins enter what many traders are referring to as the "final rebound wave" following a brief rebound.
Now is the time to reevaluate if you are still holding longs. The fact that even the best-performing portfolios are reporting a 10% decline suggests that this pressure might just be the start of something much more significant.
What's going on?
Important resistance levels for Bitcoin and other major altcoins have remained stable over the last day, and bulls are waning. In anticipation of what may be a 7–10 day countdown to collapse, traders are removing liquidity as macro uncertainty increases (including geopolitical triggers like the Israel-Iran conflict).
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