Crypto Analyst Crypto Capo Warns of Potential Corrections in Optimistic Market - Latest cryptocurrency news

Crypto Analyst Crypto Capo Warns of Potential Corrections in Optimistic Market

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.

Technology & Populer Science News:

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.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
You can follow our news on Telegram, Twitter ( X ) and Coinmarketcap