$BTC
Technical indicators have repeatedly diverged, which has always been a signal for a pullback.
Why has it been continuously rising?
It's a typical short squeeze market!
The BTC contract premium has turned negative, indicating that there are too many people shorting.
Yesterday, Powell spoke. Although it was clearly leaning towards a bearish stance, the market didn't follow the news at all; it was entirely the operators squeezing shorts.
Now, don't rush to chase the rise! The liquidity in the U.S. stock market has always been a 'ticking time bomb.' If the U.S. stock market suddenly crashes, Bitcoin will definitely suffer.
After the bears are done cutting, the next step will be a massive long squeeze.
If Bitcoin doesn't break 100,000, it's difficult for altcoins to make significant moves. So in this market, it's better to miss out watching the right move than to get caught in the wrong one.
Currently, I'm not trading BTC, but don't forget that altcoins are still suitable!
$OG Those who have seen my posts before have made profits.
$PEPE GOGE has topics and popularity.
Less trading, more observation. Wait for the trend to clarify before entering the market; preserving capital is the hard truth!
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