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$BTC IS MOVING HIGHER — LEVERAGE DATA IS CHILLING

BTC is at $84,270, up 1.06% on the day.

The trend is impressive, but here's what's happening behind the scenes:

BTC perpetual funding is at +0.008%, while open interest only increased 0.10% in the last hour. This shows that the price increase is not supported by a significant increase in leverage.

Meanwhile:

57.93% of accounts are long

Top traders are 67.34% long BTC by position value

1H RSI is overbought

1H MACD has a bullish cross

Momentum is positive, but it appears that leverage is being added more conservatively than one would expect.

We'll see if open interest and funding start to accelerate higher on this trend.

Do you think that $BTC has room to move higher or do you think that the 1H RSI being overbought is a sign to get out?

#bitcoin #BTC #CryptoTrading. #MarketAnalysis

I never dreamed myself to become a successful trader and yet here I am. What a fate.

Follow me and let's talk about trading crypto!

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Recover your Losses

If you are now experiencing a big loss in trading, here's what to do:

1. Reflect
2. Identify a strategy that suits you the most.
3. Learn to organize your trades.
4. Attend Trading Webinars.

And also, don't forget to employ limit and stop loss.

Remember, it's just the start of your trading journey. We still have tomorrow where you can rise up again from falling down. Have a good day everyone.

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When you thought you are already winning, but an unexpected movement in market occured 🥹

Surely, higher leverage tends to betray you most of the time 🤣 Lucky!

I'm currently looking for a reliable trader who can manage my 25,000USDT.

Comment below and tell me your experiences.

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