I think the sentiment of the current crypto market is..
Hope 🙏 + Optimism 🤑 + Disbelief 🤔 Take a look at the monthly MACD of the BTC(Bitcoin) chart. The MACD recently converted minus to plus again. The past conversion occured 3.5 years ago. After the conversion, the bullish market started.
Despite the approval of spot BTC ETF(Exchange-Traded Fund)s, the price movement indicates a sideways trend. Some investors might be disappointed of the movement. So, that's the reason why the psychology of the current crypto market is disbelief 🧐
However, long-term investors believe that spot BTC ETFs will attract numerous money into the crypto market for a long time. As time goes by, more retirement savings are expected to enter the crypto market. But, I don't want them to put all their money into the crypto market. Just 1~5% of their investment portfolio is pretty enough 🤗
This comment is for rewarding my analysis activities. Upvoting will be proceeded by @h4lab
A good analysis of the market sentiment.
Why would you not suggest we put all our money in crypto, l still believe Btc will always go up?
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