Here is the #NASDAQ index. The green zone represents support. Losing this support would take us lower, towards the other two green lines.
Why is this important? Losing this support on the second largest traditional market would be tantamount to derisking.
This means that the riskiest assets are first reduced or sold in order to be less exposed. Losing this support would mean a domino effect in crypto and would take us down, much lower than we are now.
I am keeping my position at 66k entry on BTC but my outlook and actions will be more cautious and more attentive.
This war-torn context and all of Trump's lies (he's capable of saying the opposite of what he said 5 seconds earlier in the same sentence) are being very poorly received by markets, which are beginning to:
- losing patience
- to feel the effects of the war
- are trying to protect themselves from the psychological risks of the leader of the world's leading power
In short: patience, vigilance and humility in the face of an American leadership contaminated by the virus of deviance and lies.
Always DYOR, this is just my opinion !
