BTCUSDT This is what institutions entering shorts looks like when price comes to that 99,400 level. However, they have no problem continuing to set orders higher and higher for a better entry price so long as people will keep buying it up. Just keep in mind that they are already begun to enter billions into the market here as sell positions.
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BTCUSDT No surprise as everyone is already saying it. We are currently sitting at a price where it is going to break one way or the other soon(Maybe not until tomorrow when markets open back up). The 30 min EMA's look great, but the 1 hour just doesn't match. I have seen this 1 hour look roll back down just as often as continuing to the upside. I made one final addition to my long at 97800 this morning bringing entry from 95,395 to 95,847. Stop at 96k. Can't say that I'd be confident to enter a long at this price though.
I'm prepared to have to start builiding a short position soon, but hopefully we see a continued move to the upside. 4 hour candles continuously failing to close above the 100 EMA is my biggest reason for skepticism on the move up. Also the price action when hitting 99,400 looks like huge short/sell orders being filled.