$BTC 81000, 5 MIN LTF ANALYSIS!
#Bitcoin was trading sideways today when it suddenly made a very nice move. Over the last 4 hours, it continued to rise by 4%, or nearly 3.5k.
So why did it rise? Actually, there was a large group shorting Bitcoin due to the fee increase, and this move has largely if not completely sidelined them.
That said, I think it will drop after rising a bit more. It doesn’t seem all that normal for Bitcoin to rise while gold is falling.
Buy the dip and short! DYORSOL Short opportunity if break 112.03 den when market up and reclaim more than 113 to 114 then that's your juicy short entry point - make most of it , and market had chance to revisit 107-109 area a bit high or down but I don't think it will go deeper than 105
#Bitcoin was trading sideways today when it suddenly made a very nice move. Over the last 4 hours, it continued to rise by 4%, or nearly 3.5k.
So why did it rise? Actually, there was a large group shorting Bitcoin due to the fee increase, and this move has largely if not completely sidelined them.
That said, I think it will drop after rising a bit more. It doesn’t seem all that normal for Bitcoin to rise while gold is falling.
Buy the dip and short! DYORSOL Short opportunity if break 112.03 den when market up and reclaim more than 113 to 114 then that's your juicy short entry point - make most of it , and market had chance to revisit 107-109 area a bit high or down but I don't think it will go deeper than 105
