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THE MARKET UPDATES
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Bullish
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Billions in short liquidation above ( > $15B )
This
BTC
short liquidation will be biblical.
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THE MARKET UPDATES
@Rodeni2
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BITCOIN/GOLD is forming a bullish ascending triangle on the 1M timeframe and has just touched the trendline support >> a potential bottom signal. Meanwhile, GOLD looks overbought and may have already topped out. Market sentiment tells the story: Euphoria for $GOLD Fear for $BTC Every bull market starts with fear and ends with euphoria. In short, Top is not in and BTC parabolic phase hasn’t even started yet.
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"BIG CRASH COMING" FOR $BTC. JUST LIKE IN THE PAST, BEARS WILL BE RIGHT AGAIN.
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Gold monthly RSI at 50-year high. QT will end soon. 2 rate cuts in 2025. US-China trade deal is coming. Crypto sentiment is at extreme fear. This is not the time to be bearish.
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Bitcoin is now the most undervalued against Gold since the FTX crash. Do what you can with this information.
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Nearly $20,000,000,000 in $BTC short liquidations is sitting between $110,000 and $126,000. The funding rate has flipped negative, despite Trump saying that the US will do fine with China. This is what is called "bear euphoria," and I think whales will hunt these short positions.
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