Bitcoin Update
Narrow And Chip Minded drop Comments on previou post
The sentiment around the market is still pretty much dead after yesterday's crash in the market which causes massive liquidation.
People are still too afraid to enter the position in leverage mode as the open interest is not growing that significant. No volume, no liquidity and no spot buy.
In my opinion, people are still waiting for clarity regarding the tariff war between US and other related countries. They don't want uncertainty and choose to be in the sideline.
I guess, we'll need some time for some big funds to digest.
Based on the technical analysis, dead cat bounce has occurred. However, we don't have that momentum to push it higher above the previous high.
Right now, it's still trending in the median line representing clueless price action.
One concern right now is the possibility of death cross in EMA 4h. I'm still expecting choppiness.
