What a crazy time in the world of cryptocurrency, the market is confusing both buyers and sellers.
Bull trap and Bear trap all in one session this is something very crazy, haven't experienced something like this in a while.
Tough times for crypto!
This is normal to me, I've experienced this phase of the market many times where Bitcoin dominance still surpassed many altcoin bringing the balance of the market to where it was before.
When this kind of phase do occur, many traders now consider going into futures making use of the opportunity by buyers and sellers confusion.
I'm the opposite of those traders, when market gets confusing, I just stay away from the market. The liquidation isn't worth the gain.
It's like current market where the market is just full on chasing the people's liquidation point. It literally shifted from bearish sentiment after the flash dump to optimistic recovery like now.
The people who have shorted probably can't sleep right now. On the other hand my spot bag is doing very well.