Looking at the market now with different illustration about the current position, condition of the market from analysis, many crypto traders are coming out with there different analysis of where the market tend to go in the next few days. Some keeps agitating that the trend is still bearish while others come out with various technical analysis of the market, drawing different trendlines to show the support resistance of the coming bull.
We all know that Bitcoin controls the crypto market and it is a good determinant of most altcoins(maybe all). The fall of Bitcoin had affected the crypto market and I think keeping an eye on Bitcoin is very important to determine the fate of most alts in the market. I have seen much number of fud coming up with different technical tools of the market going down more.
What perspective are we going to accept here? Are we going with the analysis of the market going bear contineously or claims that the price will go bullish? Maybe we should just be neutral without being too optimistic or pessimistic.
Following the market, trend should not be as confusing like the way it is currently, especially for those that care much about the market direction and are not too skilled on analysis the market direction.
I believe that right now the crypto market is in a state of uncertainty. This means that different factors can influence the market, even those that you never thought about and did not know about. Probably you could notice such information that there was information that allegedly now the situation with possible hostilities between Ukraine and Russia has affected the market. If this is already allegedly affecting the crypto market, then I am sure that a likely UFO attack on the earth will also affect the crypto market, or for example solar flares, if necessary, will also be the same factor. That is, it is already on the verge of absurdity. You just need to understand that no one knows anything and no market analysis works anymore. Now the crypto market can be affected even by worsening weather, for example, it started to rain, prices fell, the sun came out, prices went up. I mean that someone is deliberately powdering our heads, but in fact, the problems are completely different, and the reason for manipulating the market can be absolutely anything now, well, so that no one guesses what will happen to the prices of cryptocurrencies tomorrow.