An important analyst in the cryptocurrency world, Crypto Capo, is issuing a warning about market prices rising above expectations. Although optimism prevails in the market and sentiment is extremely bullish, Crypto Capo has warnings about the possibility of a correction on the horizon or even a sharp decline.
Focusing on MATIC and BNB cryptocurrencies, Crypto Capo notes that MATIC has gone through a second test in the mid-range and that the BTC ratio is encountering resistance. According to the analyst, a cautious approach suggests maintaining short positions from $0.90.
For BNB, Crypto Capo shares his views on both high time frames (HTF) and low time frames (LTF). According to the analyst, the absence of a bearish confirmation in HTF suggests a breakdown of the overall structure. In LTF, BNB is testing a support that has been broken as resistance and is rising above the previous high level.
According to the analyst, if a bearish confirmation occurs, Crypto Capo will respond dynamically to market conditions and may consider adding to the short position. With market prices rising above expectations, a correction is expected in altcoins, especially in MATIC and BNB, making Crypto Capo’s measured warning a strategic guide for investors.
Looking at the price of BNB, the cryptocurrency is trading at $239. On the other hand, the price of MATIC is trading at $0.89 at the time of writing this article.