One of my favorite quotes: "Bulls demolish shorts, bears de | ZERO IKA 🗡️ on Binance Square

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One of my favorite quotes:
"Bulls demolish shorts, bears devour longs: both prey on the cocky. 
Survival is about knowing when to fold, not when to brag."

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A few considerations. If you watched the last video analysis I made, BTC has reached the last TP at $103.700/100.400I had in my charts and the level mentioned on the 10th of April, as per this screenshot: I didn't look for any short with the reclaim of 88.798$ apart from the HTF supply at 97K (otherwise I would have been blown away) but I'm now opening/adding my first consistent short position, respecting my plan. The reason behind isn't "just" based on the level but also on extra confluences coming from: - BTC/XAU (30/31 is a zone I was eyeing since a lot of time) - SP500 at monthly breaker - On-chain data showing positive funding spiking hard and cross-exchange funding as well (especially Deribit) meaning traders are borrowing money to leverage/exploiting arbitrary opportunities - FOMO news intensifying hard with Standard Chartered Bank announcing "too low targets for BTC" just to name one. Logically, this is being done with hedge longs taken on several alts during the last 2 days, so if the short doesn't go as expected, longs will cover the loss (always trailing them in the meantime). Regardless, if you rode this entire move up following the TP levels mentioned I think it's wise to take profits. Remember, the lower liquidity levels that have remain untapped will be met at some point. It's just a matter of when, not a matter of If. I would also pay attention to the next weekly closure. If we correctly manage to perform it above 99.520$ this would likely open the doors for an attack till the previous ATH and potentially more. In this sense, you will have a macro TP area to eye: the 4% one on USDT D.

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A few considerations. If you watched the last video analysis I made, BTC has reached the last TP at $103.700/100.400I had in my charts and the level mentioned on the 10th of April, as per this screenshot: I didn't look for any short with the reclaim of 88.798$ apart from the HTF supply at 97K (otherwise I would have been blown away) but I'm now opening/adding my first consistent short position, respecting my plan. The reason behind isn't "just" based on the level but also on extra confluences coming from: - BTC/XAU (30/31 is a zone I was eyeing since a lot of time) - SP500 at monthly breaker - On-chain data showing positive funding spiking hard and cross-exchange funding as well (especially Deribit) meaning traders are borrowing money to leverage/exploiting arbitrary opportunities - FOMO news intensifying hard with Standard Chartered Bank announcing "too low targets for BTC" just to name one Logically, this is being done with hedge longs taken on several alts during the last 2 days, so if the short doesn't go as expected, longs will cover the loss (always trailing them in the meantime). Regardless, if you rode this entire move up following the TP levels mentioned I think it's wise to take profits. Remember, the lower liquidity levels that have remain untapped will be met at some point. It's just a matter of when, not a matter of If.

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