❇ State of Mind
What happened last night?
👉 The market has increased overall, as can be seen by analyzing the total market capitalization from $210 billion to nearly $213 billion.
👉 The Bitcoin is currently evolving laterally at around 6815$ which is just above its support at 6800$. Over a period of 1 hour, there is no evidence that the BTC will remain above this support despite a WaveTrends with an upward trend but with a MACD and a CCI that evolves laterally.
👉 Over a 4-hour horizon, the MACD is still on the rise, however, the WaveTrends has crossed with a downward trend and the CCI remains neutral.
👉 Yesterday, we saw a fall in the USDT, falling to $0.85 and entering the BTC and the entire market upwards in USD (capital transfer) but, of course, even more so on the USDT pairs, artificially breaking long-term resistance.
Since then, the USDT price has recovered before falling back to 5% below its normal price, confirming a lack of investor confidence.
Although USDT remains dangerous, the speculative interest of a 5% gain remains attractive in the short term, as Tether would be able to recover.
Be very careful and don't forget your stop loss if you get back into position!
thanks for sharing these news!
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Yeah
U welcome
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