as we all know cryptocurrencies are highly sensitive to risk appetite, as we all know the bear market is still ON but it start losing power specially after January's low inflation data of the greenbuck plus Europe specially germany have know a rise by 1.9% growth, of course investors sentiment about global economy is not as bearish as it were in september 2022 of course there is slight improvement, the only piece that can disturb this improvement is the situation in China that still lurking in the shadows, government not applying covid-19 measures and in the same time not sharing any data related to infections numbers that led many western nation to adopt restrictions and measures against individuals coming from China.
anyway our bias is still bearish but not as bearish as september 2022. price still have a wave c to finish in order for the bullish phase to start.
anyway our bias is still bearish but not as bearish as september 2022. price still have a wave c to finish in order for the bullish phase to start.