Good morning☀️
#Bitcoin regained the $100k support and rose to $106,000.
With the news of war calming down, oil and gold have fallen, while risky assets like the S&P 500 and $BTC have started to rise again.
Currently;
🔹Whale activity is positive (+19)
🔹Funding rates are normal
🔹Long ratios are low
🔹ETF purchases continue
🔹Short liquidations are predominant
🔸Coinbase sales continue
Overall, we can say that the technical data is extremely positive and supports the continuation of the upward trend.
In the closure below $100k, we stopped and made a purchase when the price rose above again, which eroded our 2% profit, but we insured our portfolio by sacrificing 2%.
If the Strait of Hormuz had actually been closed, we could have faced very significant losses, so sacrificing 2% of the profit and being prepared for any possibility seems like a sensible decision to me.
As long as there are no negative news from the global side, the rise should continue, friends. If something contrary happens, I will provide updates in real-time.
Wishing everyone a beautiful day and plenty of profits.