Dayli Outlook: Crypto Market Before New York Open
The crypto market is in a state of extreme fear as we approach the New York trading session, with BTC near $91k and ETH around $3.1k. This article provides an actionable outlook for traders.

Introduction
The upcoming New York trading session will see the global crypto market in a state of extreme fear, as indicated by the Fear & Greed Index at 15. With Bitcoin (BTC) near $91k and Ethereum (ETH) around $3.1k, traders should prepare for heightened volatility and potential shifts in market dynamics.
Market Drivers
The current market breadth and liquidity are under pressure, with the total market capitalization at $3.3 trillion and a 24-hour trading volume of $75.6 billion. The dominance of BTC stands at 55.03%, while ETH holds 11.22%. These figures suggest that the market remains heavily concentrated around these two leading cryptocurrencies.
In terms of sentiment, the Fear & Greed Index is at 15, indicating extreme fear among traders. This level of fear can often lead to increased selling pressure and reduced risk appetite, which could further impact the market’s liquidity and breadth.
Scenarios
Base
The base scenario envisions a continuation of the current trend, with BTC and ETH maintaining their positions as the dominant players in the market. Traders may see limited movement in the broader market, with any significant changes driven by news events or regulatory updates.
Bull
A bullish scenario could unfold if there is a sudden shift in sentiment, perhaps due to positive news or a major player entering the market. In this case, BTC and ETH could see upward momentum, potentially leading to gains across the broader market.
Bear
In a bearish scenario, continued extreme fear could lead to further selling pressure, particularly if there are negative news events or regulatory actions. This could result in a decline in BTC and ETH prices, along with a broader sell-off across the market.
Risks & Invalidation
The primary risk to the base scenario is a sudden shift in sentiment, either towards extreme greed or extreme fear. A move in the Fear & Greed Index towards extreme greed could invalidate the base scenario, while a move towards even greater fear could validate a bearish outlook.
Actionable Takeaways
Traders should monitor the Fear & Greed Index closely, as it can provide early indications of market sentiment shifts. Additionally, keeping an eye on the performance of BTC and ETH can help identify broader market trends.
