BTC Is Still Very Safe

BTC seems pretty stable around $10600 and there is still a lot of room that it can go below and still be in bull trend. We don't really need to worry about it but we do need to worry about the AltCoins and it seems like most of the altcoins have broken their major support level including DOT, BAND, HIVE, and almost all of the DEFI tokens

There is still a major resistance in the range $11500 to $12500. The BITCOIN trend seems to be in place for the next break out and its going to be devastating for the altcoins. We have been seeing the bloodbath since last couple of weeks and yesterday was really a bad day for the alt markets.

Currently, for swing traders/short term traders, BTC is in no trade zone and its better to keep your portfolio in USDT or stable coins. It better to skip profits than to take loses on your principal amount.

The market is ultimately going to see a huge rally in the upcoming months because if it doesn't or it goes in downtrend, it will break its multi year trend and that is going to be devastating for the Crypto market.

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