What is happening now with the market. of course, it is clear that the market is cyclical, and will move like a roller coaster up and down. But even judging by the charts, the market is behaving strangely. The reason?
This looks another correction because last week crypto has been getting a little recovery on its price. The latest chart of ethereum and bitcoin looks so stable and that means there was no a bad news to the crypto. The bad news can push the crypto goes down even more. Remember a few weeks ago and that's an example.
There is no serious recovery yet and I would rather classify that just as a short term thing because the market has not been able to find a bearing yet. Above $7k could bring in some good participation if the bulls are able to make some level of impact in making the scenario more pleasing to invest, and if we go below $5700, that calls for further dip and in this case, we sure are looking at another opportunity to buy lower, so I call it. Nothing is happening in the market apart from the normal fluctuation which is applicable to any other market.