The bulls are getting Week & I can’t see much strength in the bulls. Bulls have to show strength otherwise we may test 30k Zoon or can go Even Below.
Fear & Greed Index is also dropped below 20. At this stage, I can see extreme supply is hitting on the bids side & bulls are getting weaker and weaker.
It’s just a medium-term overview of the market. I will not enter the market until I see bulls reclaiming control.
My ONE Line Suggesting is :
Don’t try to predict the bottom & never try to catch a falling knife.