#WhaleAlert
Whales Close Positions: Is a Trend Change Approaching? 🐋
📉 Movements of Major Investors
Recently, a whale with a short position in BTC valued at 140 million dollars closed its position with profits of 4.24 million. This movement suggests that some major players are maintaining a cautious attitude towards the current price of Bitcoin, which could indicate a period of consolidation.
📊 Technical Analysis: Multi-Timeframe
· 15 minutes: Strong bullish trend, with RSI6 close to overbought (71.55).
· 1 hour: Lateral consolidation, with price oscillating near the middle Bollinger band.
· 4 hours: Bearish trend, with RSI6 at 44.49 and MACD in negative territory.
🔍 Intriguing Fact:
Whales often close short positions with profits just before significant bullish movements. Are we facing a similar strategy?$BTC $ETH
