We're cooked 😰
Finally, BTC(Bitcoin) broke down from the range.. I'm very concerned about it.. cause, when BTC broked down from the range below 365d SMA(Simple Moving Average) line, the crypto market entered berish markets so far.
No way.. I have no idea.. the U.S. economy is still strong. Other assets such as Gold, Silver, and emerging markets are bullish, compared to cryptos. Furthermore, ETH(Ethereum) has never had bubble status this cycle. Additionally, most altcoins couldn't reach 2021 ATH(All Time High).
Can we survive this cycle..?
I really enjoy your writing. Wishing you the best and continued success. Your job is really beautiful. ♥️
@kfeedgamer5
0.00 SBD,
0.20 STEEM,
0.20 SP
Solid analysis. Breaking below the 365d SMA is definitely a red flag as it has historically signaled a shift in long-term sentiment. However, like you mentioned, the macro divergence is strange—Gold and Silver are rallying while BTC struggles. Do you think we might see a 'fakeout' here given the strength of the US economy, or is the lack of a 2021 ATH for Alts a sign that liquidity is simply exhausted?