Clear continuation of down trend

4 มี.ค. 2022

As shown few days ago on USDT.D chart we were right at the trend line and clearly seen today already moved back up. That is reflected in alts following same patter and returning to down trend off its own trend line. Do not let Youtube fool you, altseason isn't coming, BTC isn't decoupling from equities. We are and were in bear market for a good while now, always best to be unbiased and take the data that is in front of us. There is nothing in global economic setup that can be seen as positive right now, nor changing in the immediate future and markets are quite jittery overreacting to any little piece of news regarding US int rates or Russia/Ukraine conflict. Even with short bursts to the upside the general direction remains bearish.

Lower lows to be expected on all crypto charts.