October 8th BTC/ETH analysis:


This market is like the hot weather finally waiting for rain, which is reassuring!
Yesterday, I warned against excessive chasing of prices. In the evening, US stocks opened high but fell sharply, causing a washout. When the price reached the take-profit level, it started a consolidation. Overall, this is healthy for the market as it tests the elasticity of market positions and resets the leverage ratio. On-chain statistics show that 360 million USD worth of positions were liquidated in the last 12 hours. The greedy market will always teach a lesson!
BTC-1,2%
ETH-2,67%
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