TP: 150 TP2: 155 Currently Shorting is not recommented .. wait for BITCOin to dump towards:- 58k to 55k range then wait for the retracement. after confirmed candle, go for LONG.
i will keep you updated ...
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The Hidden Factor That Could Send Bitcoin Plummeting to 52,000/55,000
👇1-12) The Bitcoin ETF inflows and the halving are already ‘yesterday’s news.’ Bitcoin has found a new price-determining factor, which, unfortunately, points down. The funding rate has turned negative. Everybody might soon have a chance to buy more Bitcoin at lower prices. 👇2-12) We’ve analyzed our convincing argument below. As always, we let the data speak, adding our interpretation, but we let every one conclude by presenting the evidence. One of the most critical tailwinds has turned into a
☑️ A slight rejection is visible; historically, rejection leads to continuation, while a breakout triggers an exit from the market.
☑️ G-Trend has already triggered a buy signal, implying a shift to selling altcoins for USDT.
☑️ For confirmation, altcoins might dip a bit more.
☑️ The blue trendline and the 6% level are crucial points to observe.
I exited 40% of my altcoins which had vertical moves on the 4th Jan right before the bleeding started. I have plans to buy back lower but not unless I see some confirmation!