WHY BTC SHORT?
Despite Dan Held's bullish $30-40 trillion call, the short-term setup looks fragile.
Bitcoin is overextended after the pump, with liquidity building up above. Market makers often hunt that liquidity before any real move up. We're seeing a rejection under major resistance, declining volume on the rise, and an overheated RSI on H4.
The macro context doesn't help either: in a sovereign debt crisis, people run to cash first, not risk. In panic, even BTC gets sold to cover losses elsewhere.
Funding rates are positive, showing too many leveraged longs. That's perfect fuel for a bearish squeeze.
Short plan: below resistance, stop above the last high, target the lower liquidity zone. No FOMO long here.
Bias: short as long as BTC fails to break and hold above resistance. A clean breakout with volume would invalidate this idea.
This is not financial advice, just a short-term technical view against the long-term bullish narrative.
#BTC☀
Despite Dan Held's bullish $30-40 trillion call, the short-term setup looks fragile.
Bitcoin is overextended after the pump, with liquidity building up above. Market makers often hunt that liquidity before any real move up. We're seeing a rejection under major resistance, declining volume on the rise, and an overheated RSI on H4.
The macro context doesn't help either: in a sovereign debt crisis, people run to cash first, not risk. In panic, even BTC gets sold to cover losses elsewhere.
Funding rates are positive, showing too many leveraged longs. That's perfect fuel for a bearish squeeze.
Short plan: below resistance, stop above the last high, target the lower liquidity zone. No FOMO long here.
Bias: short as long as BTC fails to break and hold above resistance. A clean breakout with volume would invalidate this idea.
This is not financial advice, just a short-term technical view against the long-term bullish narrative.
#BTC☀
