- For the past month, BTC has been in an H4 bullish channel with higher lows and higher highs and low volatility between 17.5K and 23K
- In a strong downtrend during a bear market, there are often retracements in a bullish channel which is more likely to break below and confirm the bearish flag.
- The MA 62 is flat which confirms a consolidation range before a next distribution either towards the north or the south.
- The Shorts have just passed below 50% on the Long/Short Ratio indicator with a bullish cross of the Long above the Shorts.
https://coinalyze.net/snapshot/sdc5pXGe
We have less liquidations of Long with small leverages (less than 3X) down towards 14K compared to the last days.
I think that Longs with small leverages close their positions and take profits, but from 21K to 21.5 K until 15.2K we have large peaks of liquidations of degen traders with large leverages, and then the shorts almost nothing with mini peaks of liquidations to take on the north.
I think that the market makers are not going to let everyone win again with a funding rate that is much in positive, and a BTC balance that is also positive over the last 30 days / 7 days and 24 hours, a Dollar in a bull run, the rates of rising interest and so does inflation..
Inflation continues to rise, but it's still only inflation on the charts. Real inflation is what we see at the gas station, on food markets and raw materials with increases of up to 100%.
My bias:
-Medium term: Bearish in bear market.
-Short term: Neutral in the consolidation range between 23K to 17.5K.
-Long Term: Bullish on Monthly candles.
👍 Follow the links below to the best & Secured Exchanges that I use for trading & often gives rewards for sign up, or for using their platform like Learn & Earn Program, Trading Competition, Daily Sign in, Daily free Mining like Stormgain.
📈 Binance: https://www.binance.com/en/register?ref=12258276
📈 FTX: https://ftx.com/#a=1768923
📈 Coinbase: https://www.coinbase.com/join/amine_f
📈 Phemex: https://phemex.com/register?group=718&referralCode=BAR9K
📈 Kucoin: https://www.kucoin.com/ucenter/signup?rcode=Kvyf2d
📈 Huobi: https://www.huobi.com/en-us/topic/double-reward/?invite_code=33423
📈 Gate: https://www.gate.io/signup/1294464
📈 Bitmart: https://www.bitmart.com/en?r=7cxGAc
📈 Hoo: https://hoo.com/friends/32261780?localeLang=en&
📈 Bybit: https://www.bybit.com/app/register?ref=7Wgmj
📈 Wazirx: https://wazirx.com/invite/xfhht4cr
📈 Stormgain: https://app.stormgain.com/friend/BNS14781478
