Looking at the market now with different illustration about the current position, condition of the market from analysis, many crypto traders are coming out with there different analysis of where the market tend to go in the next few days. Some keeps agitating that the trend is still bearish while others come out with various technical analysis of the market, drawing different trendlines to show the support resistance of the coming bull.
We all know that Bitcoin controls the crypto market and it is a good determinant of most altcoins(maybe all). The fall of Bitcoin had affected the crypto market and I think keeping an eye on Bitcoin is very important to determine the fate of most alts in the market. I have seen much number of fud coming up with different technical tools of the market going down more.
What perspective are we going to accept here? Are we going with the analysis of the market going bear contineously or claims that the price will go bullish? Maybe we should just be neutral without being too optimistic or pessimistic.
Following the market, trend should not be as confusing like the way it is currently, especially for those that care much about the market direction and are not too skilled on analysis the market direction.
You're right! when there is uncertainty in the market, it is better to have a neutral position. However, you also need to understand the nature of rising and falling prices in the market. For example, in 2021, the United States actively printed new money and crushed it, some of which unconditionally went to the crypto market and the stock market. Which in turn enabled BTC to reach its new ATH. But what now? Why should BTC go up again now? It is likely that new money will be printed again and the market is waiting for the next native, or vice versa, the refusal to print new money and the market will go down. This is just my personal assumption and everything can happen for other and other reasons. Therefore, I decided for myself that if I can now make a profit from the use of cryptocurrency, then it is best to fix this profit right away, and then time will tell.