BTC still holding above the new midrange, but price action looks heavy. Selling pressure remains strong, and inflows into exchanges are rising — whether that’s for spot selling or using BTC as margin for coin futures remains to be seen.
For now, anything below the midrange is a short zone for me. A lower high before further downside wouldn't surprise me, but as I told you I’ve already derisked from some alts 2 days ago, in case we get another breakdown from here.
For now, anything below the midrange is a short zone for me. A lower high before further downside wouldn't surprise me, but as I told you I’ve already derisked from some alts 2 days ago, in case we get another breakdown from here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.