#MacroInsights The shorts of $ETH on the CME have increased by 500% in the last 3 months. All this bearish speculation has been reflected in the chart. Both $ETH and the entire market have shown the intention of possible new falls. There is a concentration and formation of a lot of liquidity below the bottoms of the charts of the main cryptocurrencies. A massive withdrawal of leveraged players within the market occurred through this huge fall that we have had in the last few days. However, Bitcoin has not yet sought its main concentration of liquidity. There may be interest from#bigplayersin moving the market up and using all these investors with open operations in shorts as fuel for new highs. However, we are in an uptrend until the end of this year. But one should be careful when investing in altcoins and memecoins these days. Don't be a liquidity seeker.
Hotem #MichaelSaylor announced its purchases for the week, and the market has reacted with a small upward movement.
However, this current movement, as optimistic as it may be, when correlated with other analyses, does not make me comfortable thinking about opening leveraged operations, nor buying altcoins.
We may see tests at higher prices in the coming days, but the outlook remains for a possible drop before we have another upward wave.
#BTC MADE A SIMPLE MOVEMENT IN THE AFTERNOON OF YESTERDAY, CAPTURING A LIQUIDITY PRESENT BELOW THE BOTTOM; HOWEVER, IT WAS NOT ABLE TO CLOSE BELOW THE LAST CANDLES.
WE MAY HAVE SOME RETEST AT CLOSER TOPS, AND POSSIBLY, BY THE END OF THE MONTH, WE MAY SEE IT TEST LOWER PRICES.
#DOMINANCIA HAS REMAINED BELOW THE EXISTING PCL, WHERE WE MAY HAVE SOME DROP. IF IT FALLS, IT WILL CORRELATE WITH A POSSIBLE UPWARD MOVEMENT IN THE MARKET.
WHILE IF IT RE-TESTS THE PCL ABOVE, THE MARKET WILL MOVE DOWNWARD TO TEST THE EXISTING PCL AND LF LEVELS.
MARKET CAPITALIZATION IS LOW, WITH LOW LIQUIDATIONS, AMONG SEVERAL OTHER DETAILS, ALL CORRELATING.
Our dear $TRUMP and $MELANIA generating a lot of profit for everyone who will buy now.
Remembering that the market will fall further, however, the best thing to do is wait for a capture of liquidity from our dear $BTC and then we can continue with our purchases in a subtle way and without euphoria.