📉 When crypto crashes, how does the crowd typically react? Well, they expect prices to keep on crashing. After Bitcoin sank to $60.0K, we have seen a mild bounce back up to $65.5K.
😾 Is this nothing but a dead cat bounce? Or has enough retail been shaken out to justify a quick rally back up to the $70K's. The crowd will likely have a lot to do with it, based on:
🟦 High calls of "lower" or "below", indicating the crowd is bearish and fearful. Prices typically rebound when this spikes (like now).
🟥 High calls of "higher" or "above", indicating the crowd is bullish and greedy. Prices typically drop when this spikes.

Sector:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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