State of Mind - May 7th

New day and week on the crypto planet!

What is the feeling today?

Well the market is in the red this morning, a correction after last week's increase. As a result, market capitalization has declined from a high of $470 billion yesterday to $438 billion today.

After approaching the $10,000 level, the Bitcoin is currently correcting and trading around $9,300. We believe, however, that this correction is healthy for the future development of the BTC and the market as a whole. Indeed, an upward trend evolves in waves and that is why the medium-term upward trend is not questioned for the moment.

The Bitcoin is currently on the support zone of 9,300$, if this one resists, the BTC could rebound and resume its rise.

Nevertheless, the overall market is bearish today and it is important to be cautious in market conditions like this. So don't forget to use stop-loss if you get in position!

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