The funding rate for Bitcoin is showing an unprecedented negative value, even surpassing the lows of the last bear market, indicating that the vast majority of retail traders are going short.
In the long run, market rises and falls are controlled by the big players, and it's mainly the retail traders who end up losing. Given the current situation, the big players won't let these early shorting retail traders have their way.
The daily trend line hasn't been broken yet, so we should patiently wait for the funding rate to turn positive. A massive bullish candlestick that fakes a breakout before dropping back down will be our opportunity to short.
A wise trader knows that it's not about frequent trades, but rather about patiently waiting for the right moment #BTC #ETH .
In the long run, market rises and falls are controlled by the big players, and it's mainly the retail traders who end up losing. Given the current situation, the big players won't let these early shorting retail traders have their way.
The daily trend line hasn't been broken yet, so we should patiently wait for the funding rate to turn positive. A massive bullish candlestick that fakes a breakout before dropping back down will be our opportunity to short.
A wise trader knows that it's not about frequent trades, but rather about patiently waiting for the right moment #BTC #ETH .