$BTC Looking further at $BTC
Yesterday I wrote that the chart and the community's mood did not please me, and I completely exited liquidity from all coins at 110k in the morning. At the moment of testing 110500 in the evening, I hoped I was wrong, but no. Cold calculation this time avoided FOMO without unnecessary panic.
As of today, predicting the behavior of the coin is much more difficult than before. Very weak attempts to hold 108k are frightening and psychologically pressuring. The difference in the short/long ratio has changed in favor of long by almost 10% over the day, and the market does not like that - more and more people are stopping to trade actively and are just, like the cats from memes, watching the charts in anticipation of movements, while the panickers are selling in the meantime. I expect to see 106999 today, maybe even a bit lower. Only then can the mood change. Buying higher is a game of roulette.