Bitcoin price rallied to $43,100, but traders warn that exciting short-term timeframes should not distract from the larger macro-economic threats at play.
of just 10/100, remained firmly in"extreme fear" territory after seeing a lift from the overnight price rebound.Commenting on derivatives order book action on Jan.10, Decentrader co-founder, filbfilb, said that it was too early to reduce caution.
"Big bid fills on Binance, FTX and Bitfinex and a wicky daily candle. So maybe some relief for a bit, but I'm a bear until things materially change," he told subscribers of his Telegram trading channel.Equally precarious, fellow trader Pentoshi argued that altcoins were apt to form of bull trap by ticking higher before resuming their own downtrend.
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