📉 Is a collapse coming or an opportunity for survival? Cryptocurrencies are still bleeding!
Amidst the media hype and the occasional green light given to the markets, I find myself compelled to repeat a warning I have issued repeatedly: cryptocurrencies have not yet emerged from the downward trajectory.
What we see today of slight increases or sideways movements is merely a temporary correction within a larger downward wave. Technical analysis and price behavior send clear signals: unless specific resistance areas are clearly broken, any rise is just a trap for optimistic traders.
The turning point was the moment the market failed to maintain strong support levels, which returned dominance to the sellers and pushed the market again towards a clear downward path.
Unconsidered optimism at this stage could be costly, especially for those who have not improved their reading of indicators or have ignored the warning signs that have repeated in recent weeks.
In conclusion, I confidently repeat: beware of falling into the correction trap, as the market has not yet given any real signal of upward reversal. Unless we break pivotal areas, the decline will continue.
> Stay tuned for the upcoming analysis... the bottom has yet to be seen.