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$BTC Brothers, the charts are showing a slight uptick, but the major altcoins haven’t really followed suit. Bitcoin is just sucking liquidity on its own, and it’s clear that the funds in the market are just spinning their wheels without any significant new ammo coming in. To put it bluntly, this is just a corrective move, and both its sustainability and explosive potential are in question. If you want to dive in, there's still time, but you should wait for a solid breakout above the strong resistance at 78500 to be safe. Otherwise, it could get awkward, and you might end up buying in the middle of a range.
For a safer long position, it’s best to set limit orders and wait for a pullback to the floor around 76500-76300 before scaling in. Set your stop-loss at 75800, and aim to take profit at the ceiling of 78500. The bears just got wrecked, and the funding rate hasn’t hit any extreme negative levels, so it’s best not to short too easily.
In recent days, over ten thousand Bitcoins have been moving to exchanges, indicating that some whales might be gearing up to sell off. Plus, with the frequent wicks in price action lately, it’s crucial to stick to strict stop-losses and not hold onto positions too long.
This is just my personal opinion for your reference and shouldn’t be taken as investment advice. If you find it useful, give it a thumbs up and share; if you have different thoughts, feel free to drop a comment!
#OKXPizzaDay #TrillionDollarIPOs #HYPEShortSqueeze
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