Is Bitcoin facing sharp volatility? The CEO of Alfractals warns of an impending market "storm"$BTC

Joรฃo Wydson, the CEO of crypto analytics firm Alfractals, warned in his latest assessment that Bitcoin (BTC) and the market in general may face a sharp move in the short term.

In a statement on social media, Wydson highlighted several technical signals and urged investors to be cautious about a potential bearish scenario.

After reviewing some charts today, the picture remains somewhat unclear. However, given the size of the open long positions in the market, the possibility of a significant drop in the coming hours is quite plausible, according to Wydson's statement.

The key points in Wydson's assessment are as follows:

Alert regarding correlation: The heatmap shows that the divergence in correlation between Bitcoin and altcoins may be an indicator of increased market volatility. According to Wydson, this type of divergence often heralds a storm of volatility.

Altcoin season indicator: While the bullish altcoin season indicator is often interpreted as a positive sign for altcoins, according to Wydson, BTC "does not like" this situation and can often intervene suddenly in the market during this process.$XRP

Sell signal for the Alpha Quant algorithm: Wydson noted that the Alpha Quant algorithm recently issued a sell signal. He explained that this signal was expected due to selling pressure from some whales and the emergence of a bearish technical trend.

Joรฃo Wydson said that he does not believe the market is in its final stages, but such movements may indicate the formation of a new base. He concluded his remarks by saying: "This pullback may not be the end of the road, but we must remain vigilant. We need to be aware of potential risks."$WCT

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