#Total3 The weekly candle last week completely engulfed the candle from 21/07.
This is a really bad signal. This week's candle will be extremely important.
Option 1: Closing a strong green candle above the 1T zone, the uptrend will be maintained and we can expect an increase until the end of the year.
Option 2: Closing a hesitant or red candle, a downtrend will form and we can expect a decrease until the end of the year.
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Will the Crypto market have any good news to maintain the uptrend? Or will this week continue to release bad news to confirm the formation of a downtrend?
We just have to wait and see.
After the "U.S. Jobs Data Correction" event last weekend, #DXY dumped, creating chaos on Friday.
Currently, the price shows signs of recovery. Will the upward trend be maintained, given that bets on the #FED cutting interest rates twice in 2025 have increased again?
All I know is that if DXY continues to rise, and the low employment rate suggests that the assessments of the economy being healthy are inaccurate. This could be a crucial point for large investors to reconsider their risky decisions in markets like Stocks and Crypto over the next 1-3 years.
Prices have already increased, and bad news has started to emerge.
Whether or not #Altseason happens, price setups are needed, but I haven't seen any decent setups yet. Well, I wish everyone good luck hoping for Altseason.
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