Amongst all the hesitation in the market right now, the environment on the larger scale ( M ) tells us a lot.
It's easy to see that the retracements of most 'bear markets' had approached the 80% retracement level, which is no different from the current market we're in.
There is currently a lot of fear surrounding the health of crypto at the moment, and I think it's important to keep an open mind, develop our own ideas and sentiments, and look at things from a broader perspective.
Do not be so quick to jump on the bandwagon of what is being pushed at the moment.
It's easy to see that the retracements of most 'bear markets' had approached the 80% retracement level, which is no different from the current market we're in.
There is currently a lot of fear surrounding the health of crypto at the moment, and I think it's important to keep an open mind, develop our own ideas and sentiments, and look at things from a broader perspective.
Do not be so quick to jump on the bandwagon of what is being pushed at the moment.