While crypto markets seem undecided, due to macroeconomic and geopolitical uncertainties, etc.
We can only speculate and consider possibilities.
We search for clues to reinforce our decisions.
Bitcoin is currently in a range and has recently experienced a fake out followed by a reintegration :
Despite Bitcoin's significant retracement within its range, we can remain relatively optimistic.
There is still demand in crypto markets.
In fact, exchange utility tokens can serve as indicators of this demand.
Binance BNB :
Bitget BGB :
Of course, everyone will assign a relatively subjective importance to this kind of indicator.
However, we must admit that these 2 tokens remain in a strong dynamic.
Indicating that there is demand.
Either from whales accumulating.
Or from people using these exchanges and their utility tokens to benefit from the associated advantages.
Such small details make me think that we are in a corrective structure that can last more or less long.
Before pursuing a potential Bull Run.
Rather than a distribution pattern that would push us back into a Bear Market.
Of course, this is just one small clue among many others.
But this is what we do.
We search for clues to speculate.
We cannot predict the future, and we are not immune to black swans.
Unfortunately, black swans are events that we cannot foresee in advance ; we can only endure them.
Oh, yes. In the current context, we could try to play it.
But I would not take that risk.
Besides, I live in France and we have specialists in the government who bring economies to their knees...
Especially the economy of France.
So I understand that we can not be optimistic.
Anyway, I am digressing and I prefer to avoid this kind of controversy in my posts.
Returning to Cryptos, I remain bullish.
I am patient and awaiting an upward explosion.
And I will continue to accumulate according to my modest means as long as we stay in this corrective structure.
This is not investment advice.
And the possibility that I'm wrong is also to be taken into account.
The crypto market is young, volatility is high.
Do your own research and measure the risks before making a decision.
Thanks for reading my post and happy Earnings :)
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