6.8 Monday Morning Market Overview: BTC Shorts in Profit
BTC opened with an upper shadow on a solid bullish candlestick, finally seeing some green; the weekly chart closed with a long lower shadow bearish candlestick, marking four consecutive red weeks.
Over the past couple of days, I’ve been stressing the importance of the 6.3 resistance turning support. A direct breakout above 6.3 for a big bounce requires repeated raids on the upper positions, along with some serious consolidation to truly break out.
Broadly, BTC is oscillating within the 6.45-5.91 range, with 6.3 acting as the pivot point, bridging the top and bottom.
Resistance levels above are at 6.45 and 6.58, while support levels below are at 6.15 and the bottom support at 5.91.
If you’re not holding any positions, consider shorting at 6.3, adding to your position at 6.45, with a stop-loss at 6.58, targeting 6.15 and 6.03.
The 4H charts show over 105,123 liquidations across the board, totaling a staggering $664 million, with long positions at $136 million and shorts dominating at $528 million.
The whales are clearly playing their hand, first deeply retracing to liquidate the bulls, then bouncing back to wipe out the shorts, a brutal double whammy, and high leverage could lead to serious regrets.
If you're passing by, please give a quick follow and like; your support means the world to me! The above information is for market analysis only and should not be taken as trading advice;
Follow me so you don’t get lost; I’ll provide you with the latest news, updates, and market analysis every day, along with the wealth secrets you’re looking for. Don’t forget to hit follow and like #MichaelSaylor暗示增持BTC $BTC
#欧央行预期下周加息25基点
BTC opened with an upper shadow on a solid bullish candlestick, finally seeing some green; the weekly chart closed with a long lower shadow bearish candlestick, marking four consecutive red weeks.
Over the past couple of days, I’ve been stressing the importance of the 6.3 resistance turning support. A direct breakout above 6.3 for a big bounce requires repeated raids on the upper positions, along with some serious consolidation to truly break out.
Broadly, BTC is oscillating within the 6.45-5.91 range, with 6.3 acting as the pivot point, bridging the top and bottom.
Resistance levels above are at 6.45 and 6.58, while support levels below are at 6.15 and the bottom support at 5.91.
If you’re not holding any positions, consider shorting at 6.3, adding to your position at 6.45, with a stop-loss at 6.58, targeting 6.15 and 6.03.
The 4H charts show over 105,123 liquidations across the board, totaling a staggering $664 million, with long positions at $136 million and shorts dominating at $528 million.
The whales are clearly playing their hand, first deeply retracing to liquidate the bulls, then bouncing back to wipe out the shorts, a brutal double whammy, and high leverage could lead to serious regrets.
If you're passing by, please give a quick follow and like; your support means the world to me! The above information is for market analysis only and should not be taken as trading advice;
Follow me so you don’t get lost; I’ll provide you with the latest news, updates, and market analysis every day, along with the wealth secrets you’re looking for. Don’t forget to hit follow and like #MichaelSaylor暗示增持BTC $BTC
#欧央行预期下周加息25基点