Market behaviors over the last 48 hours!
The macro bias is firmly controlled by supply (SHORT). As long as the bodies of the candlesticks don't break and close solidly above the exponential moving averages on higher timeframes, any micro bullish bounce should be treated with extreme caution and labeled as a simple distribution to continue the drop.
📊 How to manage: In markets with such wide expansions and high volatility, reduce leverage and fine-tune your entries. Let the market do the dirty work and come to your areas of interest. See you in the next order block!
$BTC
#BinanceSquareFamily
The macro bias is firmly controlled by supply (SHORT). As long as the bodies of the candlesticks don't break and close solidly above the exponential moving averages on higher timeframes, any micro bullish bounce should be treated with extreme caution and labeled as a simple distribution to continue the drop.
📊 How to manage: In markets with such wide expansions and high volatility, reduce leverage and fine-tune your entries. Let the market do the dirty work and come to your areas of interest. See you in the next order block!
$BTC
#BinanceSquareFamily