Hello guys, how are you all? This is your Captain speaking. It's time for an update for the market.
BTC.D : It's doing what it's supposed to do, a bearish retest of the trendline (check 1st screenshot). It’s going exactly as planned. I'm holding 37% of my portfolio in stablecoin which are ready to be deployed at that retest.
USDT.D : It's a bit of concern for me because it’s still has not moved much like BTC.D (check 2nd screenshot). I want a rapid fire round on this index to do a bearish retest on that trendline.
Funding rate is almost neutral (check 3rd screenshot) currently. One more flush will turn this into a perfect opportunity for the bulls to continue higher. Also yesterday was the highest ETF inflow (check 4th screenshot) on ETH of $1B+. That's definitely a top signal. We also have liquidations on BTC around $115K and on ETH, it’s around $4.1K. That's just a 5% dump, so be ready to buy the dip.
Today is CPI data day. So, be careful and be patience. Market is going higher but before that, it'll flush out the weak hands and the over levaraged people.
