Bitcoin is steadily increasing over time, quietly reaching 11.8K today, highest price for last two years. Ethereum's rise is much sudden and higher against BTC, it's traded at upto $430+ today, it's highest for last two years. Where do you see the market heading? would there still be bullish ride or there ought to be an immediate correction?
We are in a decisive moment in the market, just a few days ago the market seemed to be unstoppable and yet after just a few days things have changed dramatically, we have to see if the market has enough strong hands to support the current price, if we don't then it is possible that the price could keep going down during the next days and weeks and all the progress that we made during their recent weeks will be lost relatively quickly and all the DeFi hype dies with it as well.
The illusional market plays a game with crypto traders, the markets can stay irrational more than we stay rational. The BTC price surge was expected but catching the dip&top will be a big headache in one day. There is no concrete technical tool that can help us to find the potential dip&top points, so I prefer to wait for the flash crash that will give us another buying opportunity.