Hello Crypto::
So many of you would be tensed by tomorrows dip, some got liquidated and the shorters made it. So what next,,
ls market going for a correction?
Is the bear market starting?
For me, the answer is,, NO,, MARKET is bullish. So the question is why did market came back?
1st of all btc had no ceiling(roof) 1 day before, now we know it's top, second, longers in the market with so much lev,, there were 89% longers in btc yesterday, 3rd, market got no petrol (liquidity) to drive, 4th market needs to cool of,, like you drive your car for 200-400km nonstop then you you have to park it for few time to cool the engine and tires etc, market is cooling rsi, macd, bb, sar, ema etc..
So what is the markets next move will it go up from here? The answer is again a big NO,,
Crypto market is directly proportional to us dollar,, if dollar goes up, crypto comes down, and if dollar go down, crypto goes up. So what should we do now? Simple,, we will wait, we are not in a hurry.
Listen, the market is bullish, but there is still a little room for pump in dollar market, and then dollar will fall,, so wait for that. If any of you knows forex, you will see the bearish order block just few percent above the current position, so plz if you know that, wait for that and then trade.
NOW crypto market had also made a bearish fvg, market can go up and then come down and later a big pump. For me,, market is in consolidation, it's not obvious because there is no technical for that but I think market will pump tomorrow, level the weekly closing, then accumulation start and manipulation, means dip on Monday,, and on Monday evening or Tuesday, distribution starts, means market will pump,, but this a just a guess there is no analysis for this timming and nobody can predict the time.
For me, btc should go to, 104400-105400, not below that, otherwise we should start worrying for the market..
REMEMBER, market always plays with WEAK hands.
This is what I am seeing for the market, charts, hope you like it, this is not a financial advice, so DYOR🤞