Market Update

The market has been moving sideways for several days now. On the chart, we can see clear “long liquidity” sitting below the current price — which could trigger a sharp squeeze down before any potential rise. There’s also a bullish flag forming, with lower lows (representing short liquidity that could also get wiped out in one quick candle to the upside).

All of this is happening inside a triangle — a classic “pattern of uncertainty” — right before the often manipulative weekend moves. I think these factors are enough reason not to open any trades right now, because it’s exactly during the liquidation of traders who rush in now that the market is likely to break out of this uncertainty.

For those who think this looks like an “easy short” — yes, there is a chance. But funding rates show that the majority are already in shorts…

At this point, it’s basically a local casino. Let’s discuss in the comments — which way do you think the first move will go: up or down?

#NODEBinanceTGE #USCorePCEMay #BTC110KToday? #BinanceAlphaAlert