š§ š Hello, fellow traders! Let's dive into the psychological aspect of trading and why I'm leaning strongly towards a short position.
It's quite noticeable that when around every other person is shouting "bull run," the market tends to throw us surprises. The reality is that markets rarely align with our expectations. This current situation is no exception. Remember, sell when euphoria is rampant, and buy when fear grips the market.Moving on to the second argument favoring a short position ā there are no reversal patterns, no clear signs of accumulation. Everyone seems to be selling, from whales to the smallest retail traders. The price around $29-30k appears to have exhausted itself. The range has turned mundane, suggesting the potential for a significant downward impetus towards the $25k level.š§ š#BTC $BTC