The Environment Of The Crypto Market!
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The crypto market has not been doing well for the past few days. The bad news is that we are constantly seeing a dump in the crypto market. Last Friday there was a sudden dump of about 10% in Bitcoin and this dump had a negative effect on the altcoins. This causes altcoins to dump faster than Bitcoin. Some altcoins have seen dumps of up to 25%.
After this sudden dump, almost 6 days have passed today. But no pullback was observed. Rather, the market is currently moving sideways. Although Bitcoin tried to give some pullback on August 23, it is in a stable position due to the dump again today.
Suddenly, due to this dump, Bitcoin once again came back from the face of the bull market. In my personal opinion, the bull market is still too late. I said in my previous post that we are now in a kangaroo market position and we have broken that position and moved down with a dump. At the end of the day, there is nothing to do except wait patiently.
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https://twitter.com/sagor1233_tfc/status/1694768465872331129
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