Yesterday I closed my short position early, opened at 105700, today I start packing a new one from 103400 and to wherever it goes (even to 110, which I don't believe — there's no liquidity in the markets). Target 98,000.

Today labor market data is coming out and considering yesterday's rapid plunge, I dare to assume that we will react to any whisper of the wind: Trump will say he has a cold, someone's dog will give birth.

Shorting Bitcoin is not scary, but altcoins are a bit scary, despite the fact that volatility is higher and with the current dominance, altcoins are repeating the movements of $BTC, but still Bitcoin is at its highs, while altcoins will have to be shorted from the bottom, so the idea doesn't look too good.

Regarding the fact that there will be no global altseason right now, I've been saying this since December, but still it's important to understand that with even the slightest decrease in dominance or a local rise in Bitcoin, altcoins may make a micro-pump.

By the way, if we look at the previous cycle, dominance could rise to 70%. What will happen if at such levels Bitcoin drops to 80,000, I don't want to imagine 🙂