Best Recovers today:
- BlueChip Sector: #SOL
- Meme Sector: #MEW
- RWA sector: #ONDO
- Other Sector: #AMB
August is time for Spot Accumulate #BTC
OI has been reset fully.
Price will consolidate around 55555 for a while (maybe 30 days)
Try to accumulate 55k +/-10% before Summer ends.
The VIX (stock market volatility index) is the highest it's been since:
2020 (pandemic)
2008 (global financial crisis)
Most likely A recession will come at lately 2024, right after US starts cutting rate.
But historically there were sometimes late pumps (BlowOffTop) before a huge crash (delayed).
Sometimes It crashed straightly right after US starts cutting rate
Think ETH is like when BTC was young
#BTC 2020 summer basement 9999 before a bullrun.
#ETH now summer basement 3333. It's been 5 months range already.
#ETh 3k6 is a key.
Crypto Market has observed a big move today.
OI has been reset.
No matter what happening in the world, BTC ETH should stay here in sideway mode for at least 1 month imo.
U.S. Market Opens
S&P 500 Opens 4.2% Lower
NASDAQ 100 Declines 5.4%
BLOOD on STREETs.
- GOLD up
- BTC stable and tends to follow GOLD
- Stocks dumping hard
👀US in the verge of Recession
- BTC movement is the past of GOLD with 5x speed ?
- If It is, when timing would you join the trade before the breakout of the box ?