Venn Trader
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Update $BTC May 22, 2024
Magic Wednesday?
- According to the Liquidation data chart, the 63k - 64k mark has quite a lot of liquidation below. There is a high possibility of correction but there is still a higher possibility of pumping up due to ETH ETF approval or not? Or Sell the News.
But in my personal opinion, I still prefer Short over Long for 2 reasons:
+ The first reason: $BTC has increased quite strongly and broken out of the trendline resistance area of 63kx and has not yet returned to test again.
+ Second reason: Regarding analysis of crowd psychology, an increase in the Market always goes with the FOMO crowd, but MM (Market Marker) really wants that if based on the liquidation department as shown above.
=> In short, it's still a short-term Short when the price $BTC adjusts to AE so we can start catching All Altcoin gradually.
Wishing you a day of great profits, AE.
Magic Wednesday?
- According to the Liquidation data chart, the 63k - 64k mark has quite a lot of liquidation below. There is a high possibility of correction but there is still a higher possibility of pumping up due to ETH ETF approval or not? Or Sell the News.
But in my personal opinion, I still prefer Short over Long for 2 reasons:
+ The first reason: $BTC has increased quite strongly and broken out of the trendline resistance area of 63kx and has not yet returned to test again.
+ Second reason: Regarding analysis of crowd psychology, an increase in the Market always goes with the FOMO crowd, but MM (Market Marker) really wants that if based on the liquidation department as shown above.
=> In short, it's still a short-term Short when the price $BTC adjusts to AE so we can start catching All Altcoin gradually.
Wishing you a day of great profits, AE.
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