I don't think so since the Dollar is starting to find support at the key support level at 109.6 in confluence with the 50% fibo, and the bottom of the Ichimuku cloud, and we have two bullish divergences on the RSI and the MACD to be confirmed!
If the dollar will rebound from there it isn't good for BTC and the S&P 500
https://www.tradingview.com/x/RF5uhzU8/
The scenario is up to date a week late, this week's candle still has 5 days left to close, it will shake and volatility we will have it!!!
https://www.tradingview.com/x/BM4JA61b/
The big cleaning of the Longs is in progress, and we still have a lot of large liquidation peaks of the Longs up to 14K!!!
When I saw the APT liquidation map, I immediately took a Long in grid trading.
I trade the range between 4.5$ to 10.5$ it is already planned in my scenario since the first Short of APT.
I still stay on the ATOM shorts and this is the last short after reaching the last TP on the SOL shorts at $23.8
More details on the already closed SOL short.
APT is a strategic Long to secure my gains with ATOM's Short if the crypto market rebounds from there.
Finally everything is possible after the announcement of inflation on Thursday, either we will have a drop in inflation and the market will rebound with a Dollar which will break its key support level at 109.6 and then will change from bullish to bearish structure which will be in our favor on BTC, otherwise the opposite if inflation is more than expected!!!
The crypto market is scary, I think it's a good level to recharge in DCA and always be ready for the worst but who knows the Bottom often doesn't look like one!!!
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