Attention Bianca Followers!

The Bitcoin market is at a critical juncture with significant developments in trading sentiment:

1️⃣ Long-Short Ratio Insights:

  • Account-based ratio has surged to 1.14, indicating most retail traders are opening long positions.

  • However, the volume-based ratio has dropped to 0.97, signaling that big investors and market makers are opening more short positions at higher volumes.

2️⃣ Liquidity Zones:

  • A considerable liquidity cluster is observed at the $XRP 103K zone, currently below the market price.

  • Historical trends show that market prices often move contrary to the majority sentiment, suggesting a potential dip to this zone before a rebound.

3️⃣ Next Price Target:

  • The next upward leg is anticipated around the $110K zone, making short positions risky at this time.

Strategic Advice

✅ Avoid leverage trading in this uncertain environment.

✅ Focus on spot trading, utilizing trailing spot buy orders to secure the best possible entry price.

Stay vigilant, trade smart, and remember that patience often yields the best outcomes in volatile markets.

Current BTC Price:

Trade confidently and keep an eye on the market! 🔰

#BTC #SpotTrading #MarketSentiment #InvestWisely #CryptoUpdate