Market OverviewBTC: $78,895
ETH: $2,459
Fear & Greed Index: 65 (Greed)
BTC Dominance: 60.27%
Once again, I'll draw the ascending channel I've grown quite fond of, but I should point out that we still don't have enough tests to be confident that it's a valid pattern. The timeframe isn't particularly high either, so I wouldn't take this setup at face value just yet.
I can see that many traders are now expecting a decline, and potentially a rather painful one. That scenario certainly seems like the most logical one. Still, I'd recommend staying cautious and watching how Bitcoin reacts at individual levels.In any case, there's still plenty of liquidity waiting below that we haven't tapped yet after such a rapid move higher.
