McCormick has just made an ambitious statement about AI and blockchain-operated robots. The sound of it echoes as if it’s very grand, but I advise everyone not to rush to follow sentiment. I’ve seen this market play out all the episodes in the same drama. Just look back to last January. Once the SEC approved the Spot Bitcoin ETF, the price surged fast from $42K to near $49K, then suddenly collapsed back to $38K within just a few consecutive bullish and bearish candles. Good news is always priced in by the market before the new wave of investors even gets time to hit the order button; real capital flows only start when the crowd grows exhausted and gives up.
Right now, LINK is just staying put in a dull sideways range. Smart money doesn’t need any more headlines to decide to place a trade. They simply wait for liquidity to become concentrated so they can accumulate large positions. McCormick’s comments are acting as noise—prolonging the uncertainty of the majority—causing Limit Buy orders to stack densely underneath. This scene is completely favorable for liquidity-makers who want to sweep stop-losses and pick up cheaper prices. When the under-the-surface capitalization ratio is sinking while the news is still loudly buzzing, that’s a telltale sign that a violent shakeout phase is drawing near.
I don’t put much faith in the staying power of a mindless breakout at this moment. The most plausible scenario is to keep the sideways movement going for a long time, or to paint a fake breakout to draw in liquidity before the real uptrend actually begins. If you’re still holding a position, be mentally prepared for a headwind. The $16.50 zone is the key defensive line. Only if the price holds firmly and breaks through the $19.20 resistance together with explosive volume should you consider catching the bull wave. Otherwise, if it slips below that support level, the wisest move is to cut losses where appropriate, or take advantage of a mild rebound back to $17.80 to short. Temporary emotions can never outweigh trading discipline. In the crypto market, lack of patience often leads to losses that are even worse than lack of experience.
$LINK #BinanceSquare #CryptoNews
Right now, LINK is just staying put in a dull sideways range. Smart money doesn’t need any more headlines to decide to place a trade. They simply wait for liquidity to become concentrated so they can accumulate large positions. McCormick’s comments are acting as noise—prolonging the uncertainty of the majority—causing Limit Buy orders to stack densely underneath. This scene is completely favorable for liquidity-makers who want to sweep stop-losses and pick up cheaper prices. When the under-the-surface capitalization ratio is sinking while the news is still loudly buzzing, that’s a telltale sign that a violent shakeout phase is drawing near.
I don’t put much faith in the staying power of a mindless breakout at this moment. The most plausible scenario is to keep the sideways movement going for a long time, or to paint a fake breakout to draw in liquidity before the real uptrend actually begins. If you’re still holding a position, be mentally prepared for a headwind. The $16.50 zone is the key defensive line. Only if the price holds firmly and breaks through the $19.20 resistance together with explosive volume should you consider catching the bull wave. Otherwise, if it slips below that support level, the wisest move is to cut losses where appropriate, or take advantage of a mild rebound back to $17.80 to short. Temporary emotions can never outweigh trading discipline. In the crypto market, lack of patience often leads to losses that are even worse than lack of experience.
$LINK #BinanceSquare #CryptoNews