Please pay attention to the W candle structure on $BTC
In my opinion, the market makers intentionally created a bearish candle to trigger fear and encourage traders to open more short positions.
But I’m still bullish on $BTC at this moment.
I believe BTC could soon push toward the 92K zone to liquidate crowded shorts and trap late bears once again.
If that happens, Altcoins will likely follow with a strong rally, and we may finally witness the beginning of a real Altcoin season.
Remember:
The crowd usually reacts emotionally, while market makers move based on liquidity.
Big long $BTC now
BTC-0.81%