Crypto market sentiment stays in ‘Fear’ following Trump’s deal with China

💡 DMK Insight

So, a crypto analyst is calling October’s crash a potential bottom. Here’s why that matters right now: Market sentiment is crucial, and if traders believe we’ve hit a bottom, we could see a wave of buying interest. Historically, significant downturns often precede strong recoveries, especially if they coincide with key support levels. If this analyst is right, we might be on the verge of a rebound, but it’s essential to watch for confirmation signals. Look for a sustained move above recent resistance levels to validate this bullish sentiment. On the flip side, if we break below established support, it could trigger further panic selling. Keep an eye on trading volumes; a spike could indicate that the bottom is indeed in. Also, consider correlated assets like Bitcoin and Ethereum, which often lead market movements. If they start to recover, it could bolster confidence across the board. For now, watch for key levels and be prepared to act quickly if the market shows signs of recovery or further decline.