The recent market trends are heavily influenced by news, with Trump's remarks regarding Powell's resignation suppressing risk appetite, leading to a noticeable setback in the crypto world's long positions sentiment. From a technical perspective, it is currently more suitable to provide a framework rather than precise levels: the short-term is mainly characterized by fluctuations, and it is advisable to buy low and sell high; the pattern is in the early stages of an M-top, with a medium term bearish outlook.
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The recent market trends are heavily influenced by news, with Trump's remarks regarding Powell's resignation suppressing risk appetite, leading to a noticeable setback in the crypto world's long positions sentiment. From a technical perspective, it is currently more suitable to provide a framework rather than precise levels: the short-term is mainly characterized by fluctuations, and it is advisable to buy low and sell high; the pattern is in the early stages of an M-top, with a medium term bearish outlook.