๐ Market Overview
BTC: $77,749
ETH: $2,304
Fear & Greed Index: 14 (Extreme Fear)
BTC Dominance: 59.96%
๐ The weekend was extremely volatile: we were closing both the month and the week, so price was pushed around in a rather manipulative way on relatively low volume. I can confidently say that, once again, the flag pattern proved reliable in this cycle. The key question now is โ whatโs next?
โ From current levels, I think we can at least move higher and fill the large gap that formed over the weekend. This doesnโt necessarily have to happen today โ the move may come with pullbacks and further manipulation โ but I believe it will happen. The market is in a state where a push higher would make a lot of sense.
Of course, an unexpected headline about escalation in the Middle East could derail this scenario. But aside from that risk, this looks like a near-perfect moment for a short squeeze.
