40k is the old age of youth
3 min read

40k is the old age of youth

Cryptic ball: survive the squeezes.

The weekend wasn't very volatile and that's good. But Sunday's test of $42k was rejected and that was a bad sign for the bulls. S&P 500 and Nasdaq futures are also indicating further losses in equity markets, as anticipated Friday, which if extended won't bode well for the crypto market. Overall, the next few days will surely prove interesting, with another hearing from the Fed's chair on Tuesday and fresh inflation data coming out this Wednesday, at 13h30 UTC.

Few alts are surviving the carnage and even ATOM failed to break its ATH last Friday night. So, I'm positive that bears will prevail at least until Wednesday, where inflation data may show a peak, potentially causing a last bout of panic and fear in traders around the world. If so, that should instigate capitulation, but, even if not, this is no territory for bulls - unless they are long-term holders. In any case, things will move slowly in the aftermath, and there will be no rush to buy.

Meanwhile, to compound the carnage, BTC has just momentarily failed to hold $40k. No massive liquidations have hit the tape as of now, but remember bears will get more confident. And, if you're shorting note that play is getting crowded as the shift in the Fed's policy becomes more and more understood. While it doesn't look like we've seen the bottom (funding still too positive), be sure to understand what you're doing or risk being squeezed, like those shorting $39.7k moment ago. This could be just a relief rally, so make sure you're safe and enjoy the ride!

Chart art: survive the hikes.

This week will be all about speculating 

Three things: survive the hype.

Tweet tip: survive the fear.

Let's hope Krugman is right for once.

Meme moment: survive the liquidations.

Remember shorts can also be liquidated, especially if you're entering a position late.

B21 App: stake your stables.

Stablecoin holders can earn even in a bearish market, with up to 11.6% APY on B21.

Get started: download the B21 Crypto app!

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Our newsletter offers opinions and insights from analysts in the cryptoasset space. It is not intended to be investment advice, and should not be treated as such. You must not rely on its information as an alternative to financial advice from a qualified professional. Without prejudice, we do not undertake or guarantee that its information is correct, complete or non-misleading; or that the use of guidance in the report will lead to any particular outcome or result.