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Angel blake
The leftover capital in crypto is rotational. The easiest trades are longing momentum, waiting for the momentum to slow, money and attention rotate elsewhere, short it back down.
$ZEC, $HYPE, $LIT are all recent examples, but this has been happening for quite a while.
I'm watching traders again being psyop'd by $ETH, having some slight outperformance of $BTC, while $BTC has a relatively positive month.
$BTC typically trends positively in July & bearish in August & with the tardfi takeover of crypto now complete, summer months are even less interesting.
What I am saying is strong opinions loosely held. If you're longing momentum, great, but don't be fooled into thinking up only from here.
Take profits & look to flip bias when that momentum stalls.
Most moves are per driven & although that can often be the case before spot jumps in, the lack of spot participation in the market is still very telling.
Patience.#CXMTDebutShockwave #FOMCRateWatch #AIEarningsWatch
