Alex Krüger comments on the current state of the crypto market, noting that charts appear broken yet could signal an upcoming bullish trend. His analysis highlights the precarious position of major cryptocurrencies, particularly Bitcoin (BTC) and Ethereum (ETH).
Following significant long liquidations, Krüger stresses that while BTC and ETH have struggled, altcoins like Solana (SOL) have shown resilience. The market shows a possible reversal due to distressed trader sentiments and options pricing imbalances leading up to the Federal Reserve meeting.
Krüger maintains a bullish outlook ahead of the Federal Reserve’s upcoming meeting. He believes interest rate cuts could enhance liquidity in the market, benefiting crypto assets. Overall, Krüger conveys that despite potential short-term declines, market dynamics suggest upcoming opportunities.
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