Dayli Outlook: Crypto Market Before New York Open
The crypto market is showing signs of extreme fear as we approach the New York trading session. With BTC near $86,775 and ETH around $2,827, traders should prepare for volatility.

Introduction
The upcoming New York trading session will see the crypto market in a state of extreme fear, as indicated by the Fear & Greed Index at 19. With Bitcoin near $86,775 and Ethereum around $2,827, traders should brace for potential volatility. This article provides an outlook based on the current market conditions.
Market Drivers
The global crypto market cap stands at approximately $3.1 trillion, while the 24-hour trading volume is around $58.7 billion. Bitcoin’s dominance is at 55.26%, and Ethereum holds 10.89% dominance. The market is currently experiencing extreme fear, which could indicate a cautious stance among traders.
Scenarios
Base
In the base scenario, the crypto market may continue to consolidate, with BTC and ETH prices potentially fluctuating within their recent ranges. Traders should monitor the Fear & Greed Index for any significant shifts in sentiment.
Bull
If sentiment improves and the Fear & Greed Index moves out of the extreme fear zone, a bullish scenario could unfold. This would likely see increased buying pressure on BTC and ETH, driving prices higher.
Bear
In a bearish scenario, continued extreme fear could lead to further selling pressure, pushing BTC and ETH prices lower. Traders should watch for any signs of panic selling or increased liquidations.
Risks & Invalidation
A shift in the Fear & Greed Index towards extreme greed could invalidate the base scenario, indicating a potential shift towards a more bullish outlook. Conversely, a prolonged period of extreme fear could validate the bearish scenario.
Actionable Takeaways
Traders should closely monitor the Fear & Greed Index and other sentiment indicators before the New York session. Positioning should reflect the current market conditions, with caution advised due to the current extreme fear environment.
