This BTC chart—the damn market makers are openly running a “lure in shorts, then liquidate longs” trap. Don’t be foolish and try to catch a falling knife!
First, the technicals: the daily MACD has formed a death cross, and price is grinding against the EMA144 (76600), the lifeline. On the 4-hour chart, price is firmly pinned beneath the moving averages—a textbook bearish trend.
Now for the whale data (the key point): longs are down 82 million, which is brutal. But shorts are now extremely crowded! The current price of 76077 has fallen below the average short entry of 76289. Chasing shorts here means the market makers could wipe out the bears with a single green candle!
So there’s only one sensible move: wait for a bounce, then short at a higher price!
The 4-hour EMA21 (78350) above is the perfect level to take aim.
Strategy: scale into shorts in the 78300 - 79000 range. Place the stop-loss above 80000. Targets: first the previous low at 75500; if it breaks, look to 73000.$BTC
First, the technicals: the daily MACD has formed a death cross, and price is grinding against the EMA144 (76600), the lifeline. On the 4-hour chart, price is firmly pinned beneath the moving averages—a textbook bearish trend.
Now for the whale data (the key point): longs are down 82 million, which is brutal. But shorts are now extremely crowded! The current price of 76077 has fallen below the average short entry of 76289. Chasing shorts here means the market makers could wipe out the bears with a single green candle!
So there’s only one sensible move: wait for a bounce, then short at a higher price!
The 4-hour EMA21 (78350) above is the perfect level to take aim.
Strategy: scale into shorts in the 78300 - 79000 range. Place the stop-loss above 80000. Targets: first the previous low at 75500; if it breaks, look to 73000.$BTC
