$BTC
You guys can keep an eye on it and short at 88-89k. The 91,400 area is also quite nice, but I think it will be hard to reach. Right now, MM can't mobilize enough to push it up to 91k anyway :)).
Currently, the liquidity in the BTC market over the past two weeks is quite low, only half of what it usually is in January and February. MM will probably push the price up to 88-89k to attract liquidity and then sell off strongly. The US economy is currently lacking a lot of USD, interest rates are high to control inflation 🤣, so USD is becoming even scarcer—where is the money coming from to flow into the market now 🫠?
In essence, it is still in a downtrend; now it will try to eliminate some shorts before diving 🍐. Looking at that full-bodied monthly candle, if that’s not a downtrend, then that would be strange :)))
This is just my thought. I hope you guys won’t curse. If you have any opinions, please contribute 🙃
You guys can keep an eye on it and short at 88-89k. The 91,400 area is also quite nice, but I think it will be hard to reach. Right now, MM can't mobilize enough to push it up to 91k anyway :)).
Currently, the liquidity in the BTC market over the past two weeks is quite low, only half of what it usually is in January and February. MM will probably push the price up to 88-89k to attract liquidity and then sell off strongly. The US economy is currently lacking a lot of USD, interest rates are high to control inflation 🤣, so USD is becoming even scarcer—where is the money coming from to flow into the market now 🫠?
In essence, it is still in a downtrend; now it will try to eliminate some shorts before diving 🍐. Looking at that full-bodied monthly candle, if that’s not a downtrend, then that would be strange :)))
This is just my thought. I hope you guys won’t curse. If you have any opinions, please contribute 🙃