🚨⚠️ Why I’m Not Opening Shorts Right Now ⚠️🚨
I honestly laugh at the people who are still making the same mistakes in crypto and continuing to take losses. That doesn’t mean I never make mistakes
I do. But if you visit my profile, you’ll see that around 90% of my predictions have been accurate.
I’ve been trading for several years and have been guiding people alongside my own trading journey. Whether it’s Bitcoin, Ethereum, or altcoins, I’ve always tried to provide honest market analysis.
Now, here’s my latest market update. 👇🏻👇🏻
The current price action looks deceptive to me. Yes, the overall market sentiment remains bearish. Everyone knows that tensions between Iran and the United States have escalated again, and most traders are currently sitting in short positions.
Yesterday, around $1 trillion was wiped out from the stock market. While that sounds huge, moves of that size are becoming increasingly common in today’s markets.
In my opinion, this could be a trap. Even if the overall sentiment is bearish, a single positive news event could trigger a fake pump that liquidates a large number of short traders and it could happen very quickly.
That’s why I believe opening new short positions right now carries significant risk.
I monitor the Bitcoin and Ethereum charts almost 24 hours a day, and despite all the negative news, both assets have been holding their levels surprisingly well.
I’m not telling you to open long positions, and I’m not saying the market can’t go lower. I’m still bearish in the bigger picture, and I have been for quite some time.
However, if we get a short term pump, it could provide an excellent opportunity to enter at better levels. In my view:
Bitcoin could move into the $68,000 $69,000 range if a short term pump occurs.
Ethereum could rally toward the $2,050 $2,100 area.
#BitcoinHoldsNear$65400AsMagSevenLose$797B
I honestly laugh at the people who are still making the same mistakes in crypto and continuing to take losses. That doesn’t mean I never make mistakes
I do. But if you visit my profile, you’ll see that around 90% of my predictions have been accurate.
I’ve been trading for several years and have been guiding people alongside my own trading journey. Whether it’s Bitcoin, Ethereum, or altcoins, I’ve always tried to provide honest market analysis.
Now, here’s my latest market update. 👇🏻👇🏻
The current price action looks deceptive to me. Yes, the overall market sentiment remains bearish. Everyone knows that tensions between Iran and the United States have escalated again, and most traders are currently sitting in short positions.
Yesterday, around $1 trillion was wiped out from the stock market. While that sounds huge, moves of that size are becoming increasingly common in today’s markets.
In my opinion, this could be a trap. Even if the overall sentiment is bearish, a single positive news event could trigger a fake pump that liquidates a large number of short traders and it could happen very quickly.
That’s why I believe opening new short positions right now carries significant risk.
I monitor the Bitcoin and Ethereum charts almost 24 hours a day, and despite all the negative news, both assets have been holding their levels surprisingly well.
I’m not telling you to open long positions, and I’m not saying the market can’t go lower. I’m still bearish in the bigger picture, and I have been for quite some time.
However, if we get a short term pump, it could provide an excellent opportunity to enter at better levels. In my view:
Bitcoin could move into the $68,000 $69,000 range if a short term pump occurs.
Ethereum could rally toward the $2,050 $2,100 area.
#BitcoinHoldsNear$65400AsMagSevenLose$797B