$BTC Looking further at $BTC
Yesterday I wrote that I don't like the chart and the community's mood, and I completely exited liquidity from all coins at 110k in the morning. At the moment of testing 110500 in the evening, I hoped I was wrong, but no. Cold calculation this time avoided FOMO without unnecessary panic.
As of today, predicting the behavior of the coin is much more difficult than before. Very weak attempts to hold 108k are frightening and psychologically pressuring. The difference in the short/long ratio has changed by almost 10% in favor of long over the day, and the market doesn't like that - more and more people are stopping to trade actively and just, like cats from memes, are watching the charts waiting for movements, while panickers are selling in the meantime. I expect to see 106999 today, maybe even a bit lower. Only then can the mood change. Buying higher is a game of roulette.