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U.S. stocks opened with some hesitation—over in the Nasdaq it softened first; tech stocks followed with a pullback. The market is clearly intimidated. This sentiment will likely spread to the DeFi/pancake (trading) crowd, and the higher-volatility assets will be hit first. A V-shaped rebound in the short term looks hard; it will most likely grind a bit more.
In terms of trading: focus mainly on going short near the resistance levels from above—don’t rush in to catch the falling needle. Recent candles have been punching up and down aggressively; be careful. #ETH#BTC