$BTC $BTC
Today's market is quite strange. There isn't any major positive news, yet Bitcoin has suddenly risen by nearly 4,000 points, which is confusing. This situation is similar to late August when it dropped from $65,000 to $52,000 without any major negative news. If it follows that pattern, it might inexplicably rise to $70,000. This rise seems forced to squeeze out all the short positions.
Those who still want to short Bitcoin should be cautious. When things are unusual, there’s usually a reason. Right now, it seems that many investors are building large positions, betting that Trump could be elected in the U.S. election. If this is the case, it makes sense—they are getting in early, waiting for good news about the election, and then planning to sell for a profit once that news comes out.#Write2Earn! #writetowin #Write2Earn! #bitcoin☀️ #BTC☀