Resistance at 1.3T: Is a Deeper Crypto Correction Coming?

3 feb

The long-awaited Trump inauguration, which was expected to trigger an altcoin season, had the exact opposite effect. This once again proves that when the majority of market participants expect one outcome, the market often does the opposite.

After several days of testing support, the "tax policy" announcement triggered a breakdown below the 1.3T level, causing Total 3 to drop around 30% to 1T.

The market is now experiencing a normal rebound, but I am not very optimistic in the medium term.

Technically, 1.3T has now turned into strong resistance. In my opinion, after this rebound, a new leg down is likely.

I expect a drop below 1T, potentially reaching around 900B in the near future.

7 feb

Trade attivo

Total3 reached 1.3T and started to fall again