BTC Conference warning.
I hate always making posts like this because i sound like someone spreading bearish FUD.
*see image attached, BTC price $69,050*
If you are thinking of high leveraging/margin into BTC longs at current prices $69k-$70k i would highly advise against it.
*Also it could effect the whole Crypto market, BTC price movement always does*
There is so much open interest and leveraged long liquidity between $67k-$69k
I could be wrong but i am fairly certain between now and when Trump speaks there will be a price drop/liquidity sweep, it just feels inevitable.
I am not being bearish, i own BTC spot, im always Bullish on BTC.
All i am saying is that you need enough room in your trade to comfortably survive a drop/liquidity sweep to around $67k.
The closer Trump gets to speaking or the closer BTC price gets to $70k and the more chance it will happen.
This is common sense to people who understand Crypto trading.
This is mainly for new traders or for traders who want to be greedy based on the coming Trump speech.
Greed usually does not end well in crypto, especially not when massive leverage and liquidity is so close to the current price.
Trade Safely.
Peace.
