📌 MARKET UPDATE: TEDIOUS SIDEWAY – BE CAREFUL OF 'ACCOUNT DRAIN'
There is nothing too new to update recently... Bitcoin has been continuously rejected at the 110K level, causing the market to remain in a prolonged sideways state within the 100K – 110K range.
🔥 Altcoins are starting to lose momentum, with low liquidity, many tokens are stagnant and unresponsive. If BTC does not create a new ATH soon, I predict Total3 (altcoin market cap) will gradually wear down, due to:
Money flow continues to withdraw,
Regular token unlocks putting selling pressure.
🎯 Advice for Everyone
Should significantly reduce the frequency of entering trades, only choose setups that are extremely good – high R:R ratio.
Anyone holding altcoins should also pay attention – the money flow is not supportive. Instability is spreading. BTC could adjust altcoins at any time.
💥 If BTC breaks through 110K and enters a new wave – everything will change. But for now – the more you trade, the easier it is to lose money.