๐ด BEARISH ยท $BTC
๐ฅ $BTC's 4h bear flag just broke down at 77,794, and the chart is screaming lower ๐
๐ Fear sits at 37, the total market cap is down 2.1% today, and most liquid futures are red.
๐ BTC dominance is 59.3%, longs pay funding, and $ARIA's +41.8% pump is the only loud green.
๐ฌ My take: I'm leaning short here, and I'd rather sell a weak bounce than chase the flush. Longs look crowded, and a 1h close below 77,396 turns this into a trade with room to 72,111. A reclaim of 77,723 proves me wrong, so respect that line.
Would you short the next bounce or wait for the 1h close?
Always do your own research, and keep your size small enough to survive a wrong call.
#BTC #MarketUpdate #BearFlag
๐ฅ $BTC's 4h bear flag just broke down at 77,794, and the chart is screaming lower ๐
๐ Fear sits at 37, the total market cap is down 2.1% today, and most liquid futures are red.
๐ BTC dominance is 59.3%, longs pay funding, and $ARIA's +41.8% pump is the only loud green.
๐ฌ My take: I'm leaning short here, and I'd rather sell a weak bounce than chase the flush. Longs look crowded, and a 1h close below 77,396 turns this into a trade with room to 72,111. A reclaim of 77,723 proves me wrong, so respect that line.
Would you short the next bounce or wait for the 1h close?
Always do your own research, and keep your size small enough to survive a wrong call.
#BTC #MarketUpdate #BearFlag
