REVIEW BITCOIN MONTHLY
Now that was not a nice start of the month! BTC dumped together with US stocks after Powell refused to cut rates.
From monthly perspective there's a significant support down to $102k level and if (big if) we get there, this is a great buying opportunity. However, I would prefer a shallow dip with the low above $110k to return to proper alts bull market! $102k - $107k level is great to buy, but if we get there, a huge devastating consolidation on altcoins is guaranteed!
So let's summarize:
- Is is time to open levereged longs?
No.
- Is it time to be bearish then?
No.
For now it's time to chill and observe. No rush.
