Market Update

In my opinion, the market is gearing up for a correction in the coming days, which is why I’m approaching long positions with caution. I’ve been watching for confirmation today, and based on current price action, BTC appears likely to dip before making another move upward.

I’ve opened a short position on BTC, but I’m not posting it as an official signal yet. The key factor is the upcoming Fed announcement on May 7 regarding potential rate cuts. If they do cut rates, we could see a parabolic move in price. However, if they don’t (which I personally think is more likely), we may see a significant drop.