(Opinion)
Last time we saw technical factors at these levels we saw the TOTAL have a full on black swan crash. While some may claim this was due to things like FTX, I always like to remind my readers that the macro market factors surrounding global monetary policy are far outweighing how the cryptocurrency market will move over the next year and possibly longer.
With the DXY bottoming out, we may finally see the TOTAL and Bitcoin have a pullback from the current rally we're having right now. We have a ways to go from here, but we saw a more than 25% drop. Traders and investors beware!
Last time we saw technical factors at these levels we saw the TOTAL have a full on black swan crash. While some may claim this was due to things like FTX, I always like to remind my readers that the macro market factors surrounding global monetary policy are far outweighing how the cryptocurrency market will move over the next year and possibly longer.
With the DXY bottoming out, we may finally see the TOTAL and Bitcoin have a pullback from the current rally we're having right now. We have a ways to go from here, but we saw a more than 25% drop. Traders and investors beware!
