Bitcoin is once again trying to break out its resistance level that is 104K. This is really some good move from Bitcoin which recovered from 94,000 and rebounds in a very good way. Altcoins almost all Altcoins are currently testing the fair value gap. Which is indicating a very crucial point in such market scenario.
It's always to keep in mind that fair value gaps plays an important role for the market trends and for the trades to get successful. You must consider fair value gap for your trading.
From this level there may be a reversal or breakout the the fair value gap level could lead to either a reversal or breakout in the altcoin. This point is very critical and you need to watch.
Also, Bitcoin is at its crucial level, which is where bulls and bears are trying to break out or break down through either side. The current scenario could be a market turning point leading to either an alt coin season or a heavy correction could happen.
If in case alt coins succeed to break out the FVG levels, then surely we will see an Altcoin season and that will be the start of alt coin season for the year 2025.
But in case if we see a rejection from this level then we might see the market towards downside and heavy correction could occur. Investors should be cautious in this scenario and not invest their entire amount in the current scenario.
This is because the market is uncertain and it could go either side. It is essential to manage your risk by setting proper stop losses and avoids finding your portfolios. And also to not to not invest all of your amount.
The market could be slow in the weekends, but as the start of the Monday we will see a high volatility in the market. You should be cautious in this scenario.
Investors should maintain a long term perspective. Focusing on the fundamental analysis of the coin and also find the best projects so that they could go good in this bull run.
What do you people think about current market scenario? Do you think market will break out or will see a heavy correction? Will be glad to see your answers in the comment section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
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