IT Tech Crypto

Bitcoin stablecoin supply ratio RSI 14D reached 79 level. Explanation of the indicators 👉 Link

According to the latest data, 93% of Bitcoin Supply is in profit. This indicates that the market is reaching the overheated stage, where the risk of a correction is high. As a prudent investor, I think it's time to realize some profits and reduce my exposure to the crypto market. I sold a 25% position on each crypto asset (still some orders are waiting). I am now holding more stablecoins and waiting for better opportunities to re-buy. Excessive greed is not a good advisor.🧠 And what does it look like for you guys?

📰 Crypto News Daily Recap🗞 — Bitcoin hits $50,000 as BlackRock leads best ETF launch in 30 years — Spot Bitcoin ETFs saw $1.1 billion of inflows last week — Franklin Templeton takes initial step for spot Ethereum ETF with new SEC filing — Ethereum mainnet Dencun upgrade will go live on 13 March 2024 — New York expands fraud case against DCG to $3 Billion

In the meantime 🧸

50k soon on Bitcoin 🚀🚀🚀