$PEPE
" CALM BEFORE THE TSUNAMI? THE CRYPTO MARKET FEELS OFF !"
Hi guys!!
May happiness always accompany your journey
How come? Yesterday's US economic data was all bad. Unemployment claims jumped, manufacturing PMI dropped hard. Shouldn't crypto be flying instead?
Unfortunately, the market isn’t that simple. Crypto moved sideways with a slight drop. Many are disappointed, but this is exactly when we need to think deeper.
Remember, the market isn’t about “good data = up, bad data = down.” It’s all about expectations and sentiment.
Sometimes bad data only creates confusion when the Fed hasn’t taken a clear stance.
$BTC is still stuck around 96k approaching 97k.
Meanwhile, $PEPE (as a barometer of market speculation) just broke through its Daily support, a sign that buyers are losing strength.
Hourly time frame, price is still in sideways mode, but there’s concern we might see a drop below the main support, which would signal a shift in structure.
Luckily, the fresh order block we marked earlier still holds. Even if the main support breaks, we hope that area can absorb further decline.
If even meme coins start to give up, it could be a sign that retail sentiment is weakening even deeper.
What do you think — is this silent accumulation… or slow-motion distribution?
See beyond what’s visible. What matters isn’t just the chart — but how we read it.
“Calm waves before the storm?”
Okay guys!! Hopefully this gives you something to analyze more deeply.
Good luck guys!!!