The perfect entry point can only be when you are sleeping 😂😂😂, otherwise you can enter on half a meatball and if it starts to fall, then buy more 😉
Post
G-Team
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BLOODY SUNDAY OR THE GREATEST TRAP FOR BEARS? BTC AT $63,000!
While everyone was sleeping, the market turned into a battlefield. Geopolitics (reports of strikes in Iran) and hot PPI inflation data knocked Bitcoin from $66,000 to $63,000. Altcoins ($ETH , $BNB ) dropped by over 10%.
But don't rush to hit 'Sell'.
Here's why something grand is being prepared right now:
* ⚠️ Anomalous funding: The funding rate has collapsed to -6%. This is a record! Short sellers have overloaded the market so much that the slightest rebound will trigger a cascade of liquidations and a 'short squeeze' to the Moon.
* 🐋 Whales are not panicking: While positions worth over $500 million have been liquidated, large wallets have started accumulating $BTC at $63,000.
Main news in the last 24 hours:
* Israel-Iran conflict: The main trigger for the decline. Investors are moving to cash and gold.
* Ethereum Glamsterdam: Despite the drop, the network upgrade is on track. The goal is 10,000 TPS.
* Inflation in the USA: Data worse than expected, chances of a Fed rate cut are dwindling.
My forecast: We will either see a final 'squeeze' down to $60,000, or the short sellers will be forced out by Monday morning.
👇 What do you think?
1. Is this the start of a prolonged drop to $50k?
2. The perfect entry point before a jump to $80k?
While everyone was sleeping, the market turned into a battlefield. Geopolitics (reports of strikes in Iran) and hot PPI inflation data knocked Bitcoin from $66,000 to $63,000. Altcoins ($ETH , $BNB ) dropped by over 10%.
But don't rush to hit 'Sell'.
Here's why something grand is being prepared right now:
* ⚠️ Anomalous funding: The funding rate has collapsed to -6%. This is a record! Short sellers have overloaded the market so much that the slightest rebound will trigger a cascade of liquidations and a 'short squeeze' to the Moon.
* 🐋 Whales are not panicking: While positions worth over $500 million have been liquidated, large wallets have started accumulating $BTC at $63,000.
Main news in the last 24 hours:
* Israel-Iran conflict: The main trigger for the decline. Investors are moving to cash and gold.
* Ethereum Glamsterdam: Despite the drop, the network upgrade is on track. The goal is 10,000 TPS.
* Inflation in the USA: Data worse than expected, chances of a Fed rate cut are dwindling.
My forecast: We will either see a final 'squeeze' down to $60,000, or the short sellers will be forced out by Monday morning.
👇 What do you think?
1. Is this the start of a prolonged drop to $50k?
2. The perfect entry point before a jump to $80k?
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.