Everyone is waiting for 8K .
Bears & Bulls are waiting.
Either to take profit or take short, everyone eyes are on the same target.
I expect this to fall in 2 stages. One at opening or before weekly closing basically in next 24-48h
The next one will be during a week.
Bears & Bulls are waiting.
Either to take profit or take short, everyone eyes are on the same target.
- Currently we have a ratio of 70% longs and 30% shorts across derivates platforms.
- Halving meme of 8K - 9K keep brining hope to HODLers
- Bloomberg compares Bitcoin with Gold, in which case is another sell signal as they need retail liquidity to dump (we all know that while GOLD reached a new ATH, Bitcoin was beaten down with over 40% loss in value.
- Volume is withered down
- The market has an overbought state after 5 WEEKS of constant pumping without a real correction & consolidation.
- Late longers haven't been punished.
- Market sentiment increase from Extreme Fear to Fear or Neutral Sentiment.
I expect this to fall in 2 stages. One at opening or before weekly closing basically in next 24-48h
The next one will be during a week.