If the S&P 500 breaks the 4600 support we can see a continuation to the downside. Next targets are around 4530, then 4460 and 4375. I do not see a lot of buyer interest at current levels other than a stop hunt rise at the start of the NY session and thus if we break 4600 expect crypto to follow the stock market and correct to lower prices. Having a bit of buyer power on days like this isnt that bad, we will find a bottom at some point, the question is at what point. This is covid related and I do not need to remind you what happened in March 2020.
NOTE: I am not shorting, the market, I am looking for a bottom which is not in just yet.
IMPORTANT: this is not financial advice, tarde or invest based on your own risk and research.
NOTE: I am not shorting, the market, I am looking for a bottom which is not in just yet.
IMPORTANT: this is not financial advice, tarde or invest based on your own risk and research.
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