The latest developments in the sector are interpreted as a mechanism to provide liquidity as an indicator of what will happen in the bear market.
Bitcoin had a very unusual bear market when it made a ladder chart for 10 hours connecting January 9 to January 10.
While Ethereum is still moving sideways under the influence of Bitcoin’s dominance, I recommend that investors be careful when evaluating altcoins during this period.
April 2021
Date April 2021 Dogecoin had an incredible pump on the stock exchanges that day. While all investors entered the market with Dogecoin gas, no one expected it to be a harbinger of the fomon in May, as the final moves have started.
Fear and greed index
When we examine the Coinmarketcap charts, we can see that the fear and greed index has fallen to 48. In this case, we should think about this: Weak volumes, Bitcoin and Ethereum dominance. Will Bitcoin’s desire to increase but not increase cause an interesting rise in major pairs on January 12 or 13?
Although the 7-day MA 7 falling below MA 25 seems to reduce market volatility for investors, Bitcoin’s arrival from 95 to 102 thousand bands is also on weak volume charts, and the week of January 20, with the expectation of Trump taking office, may drag the market into a short-term positive atmosphere.
coinmarketcap.com/charts/bitcoin-dominance
