Crypto market update✍️

Good evening to all my friends. I hope you all are doing well. I am having a good day. Weather changed so much in last few days and continuously raining here in my area. Heatwave was going on but now weather is chill. Btw let's talk about crypto market. Bitcoin today pumped a little bit after thrashing all the leverage traders out from the market and now trading above 56k. Today morning bitcoin dropped to 53k which lowest in 129 days. Also crypto fear & greed index shows level of 29 which is crazy. Last time when fear was 33, it was the time of FTX collapse but since then market pumped a lot. I know these are the days of patience but newbies can't afford this because they haven't seen any bullrun and it was their first but now their investment is almost 60% to 70% down only if because they invested in altcoins instead of bitcoin & ether. I always recommend to my friends to buy bitcoin because bitcoin is the king of crypto market.

Btw let's talk about charts. Usdt dominance is increasing which means investors are taking profit and converting into usdt. Usually in bull market when bitcoin holders take profit it goes into altcoins but now market is doing different. Also bitcoin broke the most important support which was on hold from last 2.5 years. That's why most of retailers are exiting the market and that's what whales want. Btw i am still hopeful because in bull market bitcoin take correction of 30% to 40%. Let's see what happens in upcoming weeks but before that this week bitcoin candle closing will be very important. That's it for today. Here's the latest update video of crypto market. Thanks & have a good day!!

@abfarhan