🚨🚨 Caution this weekend! 🚨🚨
Good morning Crypto nation!!
In 24 hours we had a tsunami of movement from yesterday to today. Although I wasn’t trading, because as I mentioned I had closed everything a few hours before the "Flash Crash".
The important thing today goes another way:
🪙Although yesterday the price retraced in a massive cleanup of longs, it eventually recovered the 100K and today we are facing a strong movement of $BTC
The largest asset in the market managed to break the psychological barrier of 100K, but the danger comes in the following days. Many traders, especially institutional capital, use the execution of orders "at the end of the trading day", so having a close above 100 will open the door to profit-taking and repositioning of shorts.
It’s not 100% guaranteed, but after the close we are going to have some active days. Trade with caution.
The Crypto Citizen says goodbye.