A well-known crypto market analyst has issued a warning that downside risks remain after the latest market slide, and that the correction in Bitcoin and Ethereum is likely to continue. For traders navigating the current volatility, some long entry scenarios and levels have been suggested.<\/p>\n
The host of the channel \u2018\u041a\u0420\u0418\u041f\u0422\u041e \u0418\u041b\u042c\u042f | \u041e\u0411\u0417\u041e\u0420\u042b\u2019 notes the kind of volatility expected in the current Bitcoin and Ethereum correction. In his analysis, he points to $1 billion in liquidations of leveraged positions as evidence of the dangers for those in the market; such a figure indicates the rapid shift in sentiment and the risks of excessive leverage during turbulent times.<\/p>\n
In what he calls a \u2018maximum pain\u2019 scenario, the analyst suggests an unexpected move by Bitcoin past $83,000, not without drawing criticism from some in the market. At present, the asset has dropped to $82,600, a liquidity level consistent with his previous forecast. With Ethereum, any move to the $3,350 mark could signal further losses or increased dominance from Bitcoin.<\/p>\n
There is potential for a short-term recovery in both assets even during the correction, the analyst notes, but one should not rely on it to last; another leg down may follow. While specific long entry points are provided, the main message is to be cautious and manage risk.<\/p>\n
Altcoins showing some strength relative to the rest of the market also deserve attention, Dash among them, and the analyst has provided the numbers for those interested in going long. But there is a warning for those looking to capitalize on a local rebound: they can be caught by a sudden drop. The same logic applies to commodities like gold and silver, where, after stop-losses are triggered, a bounce can be expected. It is all part of the risks and opportunities that come with a stressed market.<\/p>\n
Given the macroeconomic climate, the host of \u2018\u041a\u0420\u0418\u041f\u0422\u041e \u0418\u041b\u042c\u042f | \u041e\u0411\u0417\u041e\u0420\u042b\u2019 emphasizes the need for vigilance and avoiding overexposure. Market conditions are anything but predictable. To conclude, the analyst thanks subscribers for their support and for being part of the conversation on trading strategy, which is valuable when things are uncertain.<\/p>\n
This article reflects the channel author\u2019s opinion and is not investment advice.<\/em><\/p>\n Every call by \u041a\u0420\u0418\u041f\u0422\u041e \u0418\u041b\u042c\u042f | \u041e\u0411\u0417\u041e\u0420\u042b \ud83c\udf4b and how it played out \u2014 in the BuyCrypt bloggers tracker<\/a>.<\/em><\/p>\n Source \u2014 \u041a\u0420\u0418\u041f\u0422\u041e \u0418\u041b\u042c\u042f | \u041e\u0411\u0417\u041e\u0420\u042b \ud83c\udf4b: https:\/\/www.youtube.com\/watch?v=9JEXs9DBOzs<\/a><\/em><\/p>\n <\/p>\n Hone your skills and test precise entry levels risk-free with our crypto trading simulator. Practice trading strategies<\/a>.<\/p>\n <\/p>\n