🩸 There is the biggest fear in the market
Friends, the last few days have been a bloody battle in the financial sector:
• Liquidations have exceeded $1bn;
•
Outflows from BTC ETFs have exceeded $2.5bn;
• Fear and Greed Index
fell to 10 (the values that were in June 2022);
• The US stock market lost over $500bn.
🔤 This kind of upset comes amid Donald Trump's statements about the imminent imposition of duties against Mexico, Canada and even Europe. His words, «Soon we will impose 25% duties on cars and on goods from the EU.»
This level of the Fear and Greed Index is reached in a bear market, or when a local bottom is reached in a rising market.
The current values should be taken literally as the end of a corrective movement, because in practice we have never seen a significant correction from the current values.
❕ The onset of such a state of fear has always led to an early reversal. If you were planning to short the current market (especially altcoins), you should think twice.
Not a financial recommendation 🐳
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