this market is just like ping pong lol
Post
Ualifi Araújo
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$BTC
We have been trying since yesterday to form some support above $90K, but we are constantly failing at this, as the market is extremely sensitive to any new news that is released.
With each new day in this region, it becomes more indispensable for both sides. The Bulls need $90K to recover higher prices, and the Bears need it below $90K to try to push the price down to $84K.
Leverage continues to increase, and the LONGs are indeed larger, however, the SHORTs also need to be hunted soon. The ideal here is not to trade in this uncertainty, but rather to wait for a clear breakout from Bitcoin.
We are seeing the price work in a small space now, but the real movement should occur tomorrow with the outcome of the situation in Japan. Until then, stay alert.
Yesterday we had a quick pullback from Gold, as soon as Trump informed that tariffs would not be applied to the EU, in any case, it is impressive the always opposite movement of GOLD vs Bitcoin. This will be interesting to observe when Gold hits the top, and it will.
Don’t complicate things, observe the ORANGE/RED and GREEN levels on the chart.
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We have been trying since yesterday to form some support above $90K, but we are constantly failing at this, as the market is extremely sensitive to any new news that is released.
With each new day in this region, it becomes more indispensable for both sides. The Bulls need $90K to recover higher prices, and the Bears need it below $90K to try to push the price down to $84K.
Leverage continues to increase, and the LONGs are indeed larger, however, the SHORTs also need to be hunted soon. The ideal here is not to trade in this uncertainty, but rather to wait for a clear breakout from Bitcoin.
We are seeing the price work in a small space now, but the real movement should occur tomorrow with the outcome of the situation in Japan. Until then, stay alert.
Yesterday we had a quick pullback from Gold, as soon as Trump informed that tariffs would not be applied to the EU, in any case, it is impressive the always opposite movement of GOLD vs Bitcoin. This will be interesting to observe when Gold hits the top, and it will.
Don’t complicate things, observe the ORANGE/RED and GREEN levels on the chart.
📢 Want to follow everything I post about Crypto? Join my Telegram Group and receive all my posts in one place.
👉Join:
https://t.me/ualifiaraujoTG
