Alex Friedman | Crypto Future

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❌Liquidity is reduced In March, in complete euphoria, an average of +10 billion dollars poured into the market. Today we see +0.5 billion every day🥲

🧏‍♂️ What I've been telling you in the market update — 🧬SOL still stays above the EMA200 (1D chart). Perfectly bottomed. To break this level downwards, we need to see Bitcoin crashing below $62k. As long as this level holds, all Altcoins are safe at current points.

🪙 BTC & MARKET UPDATE I picked a good time for being on a trip this week, Bitcoin was just constantly dumping. The local support of $66,000 - $67,000 was broken downwards and now it reaches the $62,000 - $63,000 MAJOR support. We MUST hold this level, otherwise Bitcoin will teleport ot $56,000. Talking about good signs — Altcoins seem to be bottomed. Ehtereum is sitting at $3500 support while Bitcoin printing new lows. Major Alts such as #SOL, #DOGE, #TON and others have reached crucial supports and staying above them. I am not very bearish on the market as long as we stay above $62,000. Fake breakdown of this level is always possible, but I consider it as a perfect LONG entry.

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🐂In this bull cycle, Bitcoin will still experience periods of increased demand from new investors, but this will happen a little later, and not right now📈