⚠️ Market Overview - TOTAL Cryptocurrency Market Cap ⚠️
📊 Analysis:
Current Level: TOTAL (Cryptocurrency Market Cap) is at a level last seen towards the end of the last bull run.
Resistance Zone: Currently in the 2.50T - 2.67T area of resistance, and it's extremely overbought.
BTC in Price Discovery: BTC is in price discovery, and uncertainty exists regarding how high it might go.
Risk Management: Traders need to be cautious and manage their risk tightly over the next couple of days.
Next Resistance: If 2.67T is breached, the next resistance is the November 2021 all-time high of 3T.
Potential Support: A rejection could lead to a test of the next area of support at 2.05T - 2.17T.
🌐 Note: Market dynamics can change rapidly. Stay informed about the overall market sentiment and be ready to adapt your strategy accordingly.
Current Level: TOTAL (Cryptocurrency Market Cap) is at a level last seen towards the end of the last bull run.
Resistance Zone: Currently in the 2.50T - 2.67T area of resistance, and it's extremely overbought.
BTC in Price Discovery: BTC is in price discovery, and uncertainty exists regarding how high it might go.
Risk Management: Traders need to be cautious and manage their risk tightly over the next couple of days.
Next Resistance: If 2.67T is breached, the next resistance is the November 2021 all-time high of 3T.
Potential Support: A rejection could lead to a test of the next area of support at 2.05T - 2.17T.
🌐 Note: Market dynamics can change rapidly. Stay informed about the overall market sentiment and be ready to adapt your strategy accordingly.
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