BTC Market will bounce to 99k imho. Liquidating late Shorters and Trapping late longers but if it cant stay above 100k for a couple of hours than we going down below 90k. Institutions Short Position have already been taken and protected. Don't think one should dream going to the moon
BTC ... Most people think that Market will bounce from 90k or something but it will keep going down where it have took "Liquidity of One who tries to catch falling knife 🔪 "
BTC the Open Interest in going crazy really, It unbelievably high. Not sure where market will slide. Appears so market maker will just Liquidate Late Longs and shorts. But i personally think market will retrace to 95k
Check Below Charts to have a clue. Who knows. Tell me What you guys think?
Be careful and if playing with futures. Keep very Low Leverages
Don't be too excited for This Pump. It's not looking good imho# Sell off will happen after few hours. We are in distribution phase not accumulation phase
BTC will retrace to 94k imho. Short position are much safer than long. But if you are planning to short. Short Eth or SOL not BTC. Risk to reward is bigger
Bro u looking at 1Yr chart. No one keeps positions that long especially due to funding fee. Wrong way to look at it
long term player
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Bikovski
President Donald Trump and it's supporters loves crytocurrency that the reason during election it rallying because they surfacially manipulate the market to pump Bitcoin. Now, The bitcion that they bought were slowly and gradually decreasing because they sell. That's the reason the volume for bought is getting low. .
Thats my theory!
As for Technical and Based on Coinglass there is great amount liquidation beneath the 45k..
Remember pumps. . always need correction to kick out inexperience trader. Sudden drop and pump kicks out Bot traders.
BTC trend seems to have been reversed. Very uncertain days. Today or tomorrow we might see +6k or -6k. Bears have reasonable Liquidity from yesterday that they can push price down. I still say 85k is somewhere we might settle but for today 91k should be the target Will be shorting Eth or SOL low leverage. #BinanceHODLerMOVE #MarketCorrection
BTC is going down to 93k and than below, Later the dead cat bounce. 86k is somehwere it should settle and near to Trumps anaguration should jump up again to 99k imho
Too much unrealized Profits are floating. Position closing will start soon. Go short max 5x lev
BTC the king of Crypto. Well very soon you will see an extreme level fight between Bulls and Bear, Bulls will definitely try to grab huge Liquidity at 101k and Bears will try to save there short positions. It's going to be very interesting and very dangeours. I still predict -15% blood on Crypto streets in just a week or so. be very careful of short positions. Keep leverage max x3
Below is weekly and Monthly game plan. Be ready for impacts. It can go anywhere
I personally think the next 8 days will bring havoc. Why because of open interest and So many weak hands. I believe unrealized profits have been rolled over gain and again. What this means. When slight panic kicks in we will have huge sell offs. I can predict -15% minimum from current price in next 8 days. Also it is a sensible move for Market Maker to shake off qeak hands. It's not looking Good
BTC Liquidity status is very very weird. Not sure who is protecting which position. On weekly TF it's highly tilted towards 100k but on Monthly it completely tilts towards >90k. Maybe Smart Money / Institutions are protecting their short Positions. Kindly see Below the Map and let me know what you think?
Today we will have some Data which can move the market . Who Thinks BTC can cross 100k?IMO almost everyone is expecting it to cross 100k but question is when it crosses 100k, What Than. Do Smart Money & Market Maker will give that certain point Target to us.I think one should Think again of their Positions#
BTC 93k should hold strong imo. if it spends considerable time.e below or around it than I believe falling to 90k or slightly below is very probable. kindly if someone planing to go short keep tight SL with very low leverage
If BTC starts going down than Major Alts will resist to certain point and than just plunge down. If anyone was long. Taking profits now will be very wise decision