$BTC $ETH Stop trying to catch the falling knife. In the last 24 hours, we saw a liquidation of $1.69 billion, with 337,000 accounts getting wrecked. This was a black swan event, and based on past occurrences, the emotions from this kind of event usually take a while to settle. Plus, with funds continuously flowing out, Bitcoin keeps breaking support levels.
Stay bearish, don’t try to catch the bottom. I’m looking for Bitcoin around $55,000 and Ethereum in the $1,200-1,300 range. Keep those short positions rolling in, hold on to $BTC
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