Quick market overview I wouldn't enter any long position, no | Crypto Network

Quick market overview

I wouldn't enter any long position, nor short tbh.

A level to keep in mind is 30k. This is the key level that BTC flipped just before heading to all time high around 69k.

A weekly close above 30k with good volume is pretty bullish. Otherwise, I expect us to dump.

As for ETH Shanghai, Withdrawals were lower than expected (bullish sign). Therefore, we noticed the acquisition of liquidity, it decreased on Bitcoin and rose on Ethereum

Basically, US dollar is overextending on the bad news. Tomorrow is another news day. Things are not as they seem on the market. Much more danger than it seems. Yes, if no bullish news, BTC dominance could stabilize or go down a bit and alts could thrive, but get it wrong, and you are on a bad side of a really red trade. I'd sit this weekend out for that reason alone (holding some conviction plays for the sake of fun but reduced my positions).

Cheers!