People are buying the dip while the markets are closed, but if the US indices are red again tomorrow, we’re going back to the bloodbath!
1 min read
Always wise to remember in the middle of these volatile periods that the stock market opens and closes while crypto never sleeps. The US indices found their floor for the day and the markets are closed… and a few hours later, BTC starts recovering as people buy the dip.
However, if there’s more bad news for the stock markets tomorrow, we’re going to see more red in crypto. I bought a little bit around 53k today, because why not, it’s still a good discount… but it could go down quite a bit further and stay down quite a bit longer if we see more recession signals.
Just my two cents and a word of caution to those considering FOMOing in lots of money.
On the other hand, we’re just two months away from this cycle’s equivalent of when the last cycle went parabolic. The halving was a solid four months ago. It’s still very likely, based on past trends anyway, that BTC will see a new ATH before 2025.
A word of caution to those considering FOMOing out!
As always, DCA and HODL 🙂
submitted by /u/throwaway92715
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