The market is about to have a big correction, so hurry up and run away with your spot and contract longs
$BTC has been soaring over the past seven or eight days, but remember, anything that rises too fast will eventually have a correction.
From a technical perspective, the current dome pattern may indicate that a big drop is coming.
USDT share is also an important signal: the current USDT share is very similar to the past six years and is at a key support level. If USDT share starts to rise, then Bitcoin may fall sharply, and ALT coins will not be able to escape.
In addition, the CME gap around $80,000 is also worth paying attention to. Historical data shows that Bitcoin will fill these gaps more than 90% of the time.
Be careful of overly optimistic sentiment! If the media shouts about rising prices, it usually means a sign of a big drop. Market makers like to create an atmosphere of "everyone is bullish" and then quietly sell their assets to make money from retail investors.
BTC share broke through resistance three weeks ago and is now falling back to support. After this decline, if there is a rebound, it may be very fierce, especially for ALT coins. Once BTC falls by 5-10%, ALT coins may fall by 20-30%.
The profits earned now may soon shrink, or even turn into losses! Don't be fooled by market fluctuations like in March and April!
Don't enter the spot at a high level, wait until it falls. If you can cut the long contract, try to cut it as much as possible. The specific entry point depends on the night reduction loan
