This report from the American press about Trump’s crypto profits may sound shocking, but look a little deeper and you’ll see a classic psychological game that Market Makers (MMs) often use to lure retail traders into panic-selling or blindly buying the top. Right now, BTC is holding around $76,966. Remember January 2024, when Spot ETFs were approved: the price shot straight from $42K to $49K, then dumped to $38K before it actually began to rise. Or March 2024, when after the first break above the ATH to $73K, extreme euphoria was followed by a brutal 18% drop within a week. The hard-earned lesson is this: major news is often priced in early, and when the crowd starts talking about it too much, that’s often when MMs are getting ready to sweep liquidity.
Current on-chain data shows XRP (+15.5%) and BCH (+21.2%) leading the rally, while other altcoins like ENA (+38.2%) are also surging unusually. This points to strong divergence. MMs are using this political news to create volatility, aiming to force newcomers to open Long positions at higher levels so they become liquidity for Shorting or accumulating at the bottom. Don’t let emotions take control. If the market is going to truly break out, it needs record volume sustained above $77,500. Otherwise, a pullback to harvest the stop-losses of impatient Long traders is the obvious scenario.
For those of you who want to trade with the smart money, be patient and wait for the market’s reaction. Place a Limit Buy near the strong support zone around $72,000–$73,000 to safely build a Long position, and stay away from the current price area unless there’s a strong confirmation signal. Keep a tight stop-loss below $69,500 to protect your capital. Whether the market moves sideways or breaks out, retail traders have to pay the price of patience.
#BinanceSquare #CryptoNews
Current on-chain data shows XRP (+15.5%) and BCH (+21.2%) leading the rally, while other altcoins like ENA (+38.2%) are also surging unusually. This points to strong divergence. MMs are using this political news to create volatility, aiming to force newcomers to open Long positions at higher levels so they become liquidity for Shorting or accumulating at the bottom. Don’t let emotions take control. If the market is going to truly break out, it needs record volume sustained above $77,500. Otherwise, a pullback to harvest the stop-losses of impatient Long traders is the obvious scenario.
For those of you who want to trade with the smart money, be patient and wait for the market’s reaction. Place a Limit Buy near the strong support zone around $72,000–$73,000 to safely build a Long position, and stay away from the current price area unless there’s a strong confirmation signal. Keep a tight stop-loss below $69,500 to protect your capital. Whether the market moves sideways or breaks out, retail traders have to pay the price of patience.
#BinanceSquare #CryptoNews