Crypto currency Trading news

❇ 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!