A little after 9 this morning, I’d just arrived at the office and clocked in. I was holding a cup of hot soy milk and turning on my computer when I glanced at the morning session—and nearly dropped my drink. Anyone who made it through last night is a real warrior. This morning’s market is absolutely pinning the bulls to the floor and grinding them into the dirt. Brutal.
$BTC has been plunging all the way down and is now barely holding support around 71k. The 4-hour long/short ratio is an astonishing 3.30. $ETH is teetering on the edge of the 2000 mark, and its long/short ratio has rocketed to 3.59. $SOL has fallen to 81, with its long/short ratio also nearing 3.6.
A huge bearish daily candle has already slammed down. The trend has clearly turned bad, yet retail traders are still trying to buy the dip and go long. The market is extremely overcrowded with bulls, and the shakeout clearly hasn’t done its job. Now that last night’s bearish macro news has kicked in, it’s turned into a full-blown chain-reaction sell-off. As long as you keep adding to your positions, the big players have no reason to kindly pump the market.
My take: Liquidity is thin during the morning session, so don’t gamble on a bounce right now. Don’t hand yourself over as fuel to those damn market makers. As long as the green hills remain, there’ll be firewood—just focus on your job for now.
Brothers, that opening blow today—did it leave you stunned? What positions are you holding right now?
Expectations of a Fed rate hike in December are growing, and the tightening cycle may continue into 2027.
$BTC has been plunging all the way down and is now barely holding support around 71k. The 4-hour long/short ratio is an astonishing 3.30. $ETH is teetering on the edge of the 2000 mark, and its long/short ratio has rocketed to 3.59. $SOL has fallen to 81, with its long/short ratio also nearing 3.6.
A huge bearish daily candle has already slammed down. The trend has clearly turned bad, yet retail traders are still trying to buy the dip and go long. The market is extremely overcrowded with bulls, and the shakeout clearly hasn’t done its job. Now that last night’s bearish macro news has kicked in, it’s turned into a full-blown chain-reaction sell-off. As long as you keep adding to your positions, the big players have no reason to kindly pump the market.
My take: Liquidity is thin during the morning session, so don’t gamble on a bounce right now. Don’t hand yourself over as fuel to those damn market makers. As long as the green hills remain, there’ll be firewood—just focus on your job for now.
Brothers, that opening blow today—did it leave you stunned? What positions are you holding right now?
Expectations of a Fed rate hike in December are growing, and the tightening cycle may continue into 2027.
