When it’s the noisiest, it’s often not the best time to act. PUMP is talking about the golden cross, yet on the chart the $BTC contract first turns the volume up to 9.7x, while the spot market only reaches 64341—up 2.3% in a day.
I usually don’t chase the excitement like that. The funding rate is only +0.0036%, which suggests the longs aren’t crowded, but the 24h high at 64610 still hasn’t been effectively taken. I didn’t go touch the follow-on small coins—instead, I placed a 5% short on $BTC above 64600, with a stop loss at 64980 and a look-back level at 63600.
News is news, orders are orders. If it’s truly strong, let’s see it hold the high first. $BTC #BTC
I usually don’t chase the excitement like that. The funding rate is only +0.0036%, which suggests the longs aren’t crowded, but the 24h high at 64610 still hasn’t been effectively taken. I didn’t go touch the follow-on small coins—instead, I placed a 5% short on $BTC above 64600, with a stop loss at 64980 and a look-back level at 63600.
News is news, orders are orders. If it’s truly strong, let’s see it hold the high first. $BTC #BTC