Most likely I will be wrong on this one, but this is how I see the chart right now. Too many people in short, sentiment is extremely bearish. We don't fall when everyone expect it.
This is only one argument though. Profile volumes show huge purchases too.
Don't open high leveraged positions guys, x5 - x7 is maximum. The next week will do its best to rug all of us, no matter who you are, bear or bull.
Back to the chart: LONG from $87,600 is okey, LONG from $91,000 breakout also good. But again, current market is very difficult to preict. Safest option - stay with no position. $SOL $BTC $ETH
"The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price."