The fear/greed index doesn't indicate the bottom yet. I believe we will retest the lower levels in another flash dump before gaining another leg up.
The market dynamic is very different from 4 years ago, and it seems massive adaptation is breaking patterns and keeping btc dominance high, understandably so. I doubt we will see an alt season like the previous ones this cycle, and am one of the ones that, foolishly, didn't do the dominance sweep (btc dominance - > buy btc and vice versa). Live and learn.
People are panicing over a correction that hasn't even been major. Do yall not remember previous runs?
The longer we run up, the more we need to come down. It's the only way to keep the market healthy. We see a few 40% crashes every bull run. Sure ETF:s have messed things up, but the idea stays the same.
BTC correction so far is minimal. I've been expecting levels around 49k-53k, and we're still far. You can't breathe in if you don't breathe out. Many alts have bled their 40%, but I feel a bit more is incoming.
When you keep half your stash in BTC and ETH, life is a lot easier. Pick established alts for 30%, and do your experimenting with the rest.
This is crypto. Don't be stupid. Don't fomo around futures with a finger in your arrs. Hold and learn, and only after you've done a bullrun with all the blood and glory can you start learning about leverage.
I'm still awaiting 53k for #btc. Nothing has proved otherwise. If panic rises, we might even get 43k where major support lies. I don't think this consolidation is yet enough to cool the market pre new ath. We'll climb up, but we need to go down. #buythedip $BTC