Hello everyone,
How are you all? I hope everyone is fine and doing great in their life.
The current market situation looks quite boring because we have seen Bitcoin as well as Ethereum trading within a fixed range. Because of this, traders especially new traders and retail investors are getting frustrated and are slowly losing hope about whether they will see a recovery phase soon.
We need to understand that even though the market looks boring right now, this is actually a good sign. For the last few days, the market has been trading within a clear range, which can be seen in the screenshot below.
Currently, we are trading below the blue resistance line. We have tried multiple times to break this level, but each time we break it briefly, we come back below it again.
Once we break this resistance successfully, we can expect Bitcoin to trade above 93-94k US dollars. This trend line has been tested again and again for almost the last 10 to 15 days. That is why I believe the market is actually doing well, even if it feels boring right now.
Sometimes the market needs time. Once this boring and uninteresting phase is over, we are likely to see a strong move. So if you are feeling tired of seeing the same price levels again and again, you are not alone. Almost every trader, whether experienced or new, is feeling the same frustration.
If you are a spot holder, the best thing to do is to hold your assets and wait for the right time. If you have some extra funds, you can consider buying during corrections, especially when Bitcoin revisits the lowest levels seen in recent days or weeks. You can also take chances with altcoins at those levels.
Personally, I am holding my bags and waiting patiently for the right time to start selling. Hopefully, better market conditions will arrive soon. The FOMC meeting is also coming up, and we will get more clarity on whether further rate cuts are planned this year. That information will help us understand the market direction more clearly.
For now, that is all from the market.
This section is for the games I play on Hive blockchain. You are free to skip this section if you are not interested in reading about the games here.
In the screenshot below you can see my terracore base attacks with 6 of them being used and the results are good as we were not having any penalties as we upgraded the base already. I also had 75+ scraps mined and protected which is a good thing for sure.
Below you can see my golem overlord base and there the time has not arrived for us to claim the parts and shards so that is why not sharing anything from golem base but we are very close to achieving the max prestige level.
That is all I did in Golem and terracore base today.
Thank You and make sure to check Crypto Company CEO services as I recently shared in my blog. You can simply click on the picture below and it will take you to their official website.
