An experienced crypto dealer warns that the current bounce in the Altcoin market will probably be short-lived.
Pseudonymous analyst flowed horse tells His 266,500 followers on the social media platform X that he thinks Crypto is still baisse -like and the latest rally will probably lead to another leg down.
According to the analyst, the current bounce has not changed the baisse -like market structure for crypto.
“Bearish still on the festive framework until something else has been proven.
I can see no reason why this is not a relief rally and the markets will not continue to suck in the coming months.
Charts are still broken. “
Elaborate his baisse -like attitude toward the crypto, the trader says On Instant Messaging Platform Telegram which downward will probably remain if not bitcoin (BTC) turns an important price area to support.
“I think we are at the part where the correction can be, as I said the other day, one that is more through time than by price.
I will look at how speed coin, hype, pepe, one and gera continue to shop.
Since it is a bitcoin dominance macro trend, there is no reason to assume that changes, and all success in ALT will come to if BTC can transform this $ 90,000- $ 93,000 level in support. “
At the time of writing, Bitcoin is traded for $ 87,813.
Follow us on XThe Facebook and Telegram
Don’t miss a pace – Subscribe To get e -post alerts delivered directly to your inbox
Verify Price measure
Surf The daily Hodl mix
Generated Picture: Midjourney
