Adam@Greeks.live
Adam@Greeks.live|Apr 23, 2025 13:42
http://Greeks.Live Daily English Community Briefing ===== Release date: 2025-04-23 Overall market sentiment ===== The group holds a bearish attitude towards altcoins, with many traders stating that their investment portfolios have fallen by 50%, making it difficult for Ethereum/altcoins to break through the 21 day moving average. Bitcoin seems to be performing relatively strongly, with some traders noting that it is gaining buy support, but traders are paying attention to the level of $88000, which is considered a key resistance level. Decoupling of Cryptocurrency from the Stock Market - Technological Deviation ===== Bitcoin shows strength relative to altcoins, with one trader pointing out a beautiful decoupling from the S&P 500 index, indicating that cryptocurrency is decoupling from traditional markets Shanzhai coins and Ethereum have shown weak performance, with most being suppressed by the 21 day moving average and unable to break through this critical technological level Traders actively monitor funding rates, and one member pointed out that "the volume of open contracts has surged, and funding rates are about to turn negative, indicating that bears are opening positions", which may indicate downside risks
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