Good evening to all my friends. I hope you all are doing well. I am having a good day. As i said that Yesterday we won the league match and semifinal was supposed to happen today but rain ruined everything and the match will take place tomorrow. Today there's was lot of work in the office, so i just came home and had dinner and now writing this post.
Let's talk about crypto market. Bitcoin again dumped today and now trading above 42k. As i said many times that these small pump & dump will happen because of future trades being open on exchanges and exchanges always manipulate the market to liquidate them. If you look closely altcoins isn't much affected. Bitcoin dominance is stable and bitcoin price is ranging but question is why altcoins not pumping. So yes, altcoins not pumping because money flowing into Bitcoin.
DXY is pumped hard and now facing weekly resistance at upper line. Let's see what happens. If DXY breaks upper line then whole crypto market will suffer. Basically DXY pump means Money is being taken out of the market and DXY dump means money is coming into the market which pumps up the market. Sharing a chart, look closely.
My suggestion would be accumulate as much as you can because in next year when bullrun will be on peak, you will realise oh! Someone was telling me to buy but i couldn't because i was too lazy to research. That's it for today. Here's the latest update video of crytpo market. Thanks & have a good day!!
@abfarhan