๐จ Bitcoin held strong and pumped despite 4โ5 big bearish headlines hitting the market.
But if a bigger bearish catalyst hits, the current strength may not hold.
BTC is also looking overbought on some timeframes, while significant downside leverage has built up, if it starts unwinding, the move could be sharp.
Considering this, weโre currently swing short on BTC, ETH, SOL & BNB.
$BTC
$ETH
$SOL
#BOJRaisesRatesTo31YearHigh
But if a bigger bearish catalyst hits, the current strength may not hold.
BTC is also looking overbought on some timeframes, while significant downside leverage has built up, if it starts unwinding, the move could be sharp.
Considering this, weโre currently swing short on BTC, ETH, SOL & BNB.
$BTC
$ETH
$SOL
#BOJRaisesRatesTo31YearHigh
