Not much to see here. Exchanges look bearish, but not enough to create a squeeze. Divergence exists, but not enough for an all-out dump. Sentiment has settled down despite the good news. Markets in the US closed today, so nothing to hang your hat on just yet if you're into correlation plays.
Lots of correction talk, long vs shorts skewing slightly bearish, and yet we're close enough to 50k that a 3% bump in price would create another ATH.
With volume this low, diverging along with rsi away from the price action, it's time to be patient and cautious, but not really concerned. Waiting for a breakout one way or the other, so I remain neutral here.
My advice? Get some admin work done or clean the house. Set alerts and stay safe!
I think there is not enough fresh money to rise the overall market. Bitcoin just rise via FOMO in the social media. I think we can have 2 bubbles in this BULL RUN and one of them can blow it up between FEB - MARCH. Then 3 months in the previous ATH (20K) to explode in the last part of the year.
All the Cryptos are overbought. Take care.
Socraticpause
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@jlpayan, I have to say, it is easy for me to understand this perspective. Not saying I fully agree, but I see where you're coming from.
DanielHatano
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Nice emojis !!
Socraticpause
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@DanielHatano, I'm super advanced with my emoji work. ;)