The experienced encryption dealer warns that the current bounce in the Altcoin market is likely to be short -term.
The Flow Horse Recount His 266,500 followers on the X social media platform, which is believed to be CRYPTO, is still landmark, and perhaps the latest gatherings will lead to another leg.
According to the analyst, the current bounce did not change the structure of the declining market for encryption.
“The landing is still on the high time frame until it is proven otherwise.
I cannot see any reason that makes this a relief process and the markets will not continue to absorb the next few months.
The graph is still broken. “
Explain his declining position on encryption, circulating He says On the TELGRAM instant messaging platform that is likely to continue the declining direction unless Bitcoin (BTC) turns the main price area to support.
“I think we are in the part in which the correction can be, as I said on the last day, more than time through the price.
I will see how Fartcoin, Hype, Pepe, Ena and Bera continue in trade.
Since Macro’s direction is Bitcoin, there is no reason to assume that the changes, and any success in Alts will lead to whether BTC can transfer this level from $ 90,000 to $ 93,000 to support. “
At the time of this report, Bitcoin is traded for $ 87,813.
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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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