🚨 Bitcoin Alert: Read This BEFORE You Invest! 🚨
To all my followers, pay close attention!
The Bitcoin market is flashing some critical signals you need to understand right now. We're seeing a significant divergence between what most traders are doing and what the big players are.
Currently, the Bitcoin long-short ratio by account number has surged to 1.14. This means a large number of individual traders are opening long positions, betting on a price increase. However, the plot thickens when we look at the long-short ratio by volume over the past 24 hours, which has dropped to 0.97. This is a strong indicator that major investors and market makers are predominantly opening short positions, suggesting they anticipate a price decline.
Adding to this, there's a massive amount of liquidity clustered around the $103,000 mark, which is currently below the market price. When you combine these three crucial data points, a clear picture emerges: Bitcoin's price could dip down to that $103,000 zone at any moment and potentially linger there for a few hours. Why? Because the market often moves in the opposite direction of what the majority of traders expect.
While a move to the $110,000 zone is likely to be the next upward leg, attempting to open short positions now could be a trap.
Our Strongest Recommendation:
Completely avoid leverage trading at this time! Instead, focus on spot trading and utilize trailing spot buy orders to strategically get the best possible entry price. This approach will help you capitalize on potential dips without taking on unnecessary risk.
