Don’t miss Trading Spaces with @Dentoshi & @matthewbarby 🎙️Topic: Top or Not? How to Tell Where We Are in the Crypto Market Cycle 🗿 Special guest: @tradermayne 💪 @breakoutprop becomes part of Kraken. Another milestone in expanding opportunities for skilled traders.
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While the S&P 500 and Nasdaq indexes recently rallied above their January highs, the Dow Jones Industrial Average (DJIA) has yet to do so. The daily chart shows the DJIA bulls are struggling to establish a foothold above the trendline connecting December-February highs. As a barometer of risk appetite, a turn lower could add to the bearish momentum in cryptocurrencies.
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Over the past week, the "heat map" of the crypto market has been quietly redrawn. As Bitcoin's price fluctuates, funds are quietly accelerating towards Altcoins - from mainstream narratives to niche tracks, multiple sectors have seen unexpectedly high gains. Data shows that not only have star projects led the way, but structural follow-up gains are also spreading across sectors, forming a "multi-point blooming" market.
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