Winter began with a sell-off
Market overview
The crypto market took a painful hit at the start of trading on Monday, marking the beginning of winter and the new month with a 5% drop in 24 hours and a return below $3 trillion. This seems to be part of the Bears’ plan to create the most emotional pressure, as the beginning of the month is considered an emotional precursor for the weeks to come. The market also slipped during the period of lowest liquidity, which added drama in the form of a downward swing. Still, before the start of active trading in Europe, the market is showing signs of stabilisation and rebound.
Bitcoin fell to $85.5K on the strategy day but rebounded to $86.7K at the time of writing. Technically, a bearish picture is emerging, with the first
