“Time to pay attention”: Trader Justin Bennett warns the encryption market may decline if the standard index is redefined
The encryption analyst closely warns that the digital asset market may tend to a decrease if the correlation between encryption and arrows carries.
In a new topic, Justin Bennett encryption tradition Recount Its 115,900 followers on the social media platform X that the encryption market may be correctly correct with the stumbling of the shares.
“If you are using the stock market for evidence about encryption (recommended), S&P 500 is rejected from the highest levels [Friday]. The most likely track here seems to return to the 5,877 region. This encryption can be pulled, and given the place of Ethereum trading, it is time to pay attention. “
Bennett also Secure The main encryption assets will continue to outperform the measuring scale on Bitcoin (BTC) (BTC.D).
Bitcoin is currently 61.92 %. BTC.D traders are used to track whether Altcoins excel over Bitcoin where the scale calculates the maximum amount of the Crypto market that belongs to BTC.
Bennett says,
“Do you remember this fourth invitation on the domination of Bitcoin?
Finally, it is Expected BTC and ETHEREUM (ETH) may be trading in the short term with a declining bias, as markets interact with the latest comments of US President Donald Trump on commercial tariffs.
“Well, the BTC shorts have been pressed more than ETH shorts. Given the twice of ETH, this is not a big surprise. Once again, the Bitcoin medium range works as a resistance after Trump’s comments about mutual definitions. Seal seal.”
Bitcoin is traded for $ 96,715 at the time of this report, an apartment per day. Meanwhile, ETH is trading for $ 2,637 at the time of writing, a decrease of 2.5 % in the past 24 hours.
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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