The monthly line for Bitcoin at $BTC is quite long, be cautious of the risk of a pullback. At high levels, with high-leverage contracts, be mindful of taking profits. Liquidation data shows that there are over 5 billion long positions that can be liquidated!

Considering that every time Bitcoin dips, over 200 million gets liquidated, it’s evident that there are many people opening long positions with high leverage. If it dips to 28000-27000, how many people would get liquidated!!!!!!!

For altcoins, if you need to take profits, do so. Now is not the time for positioning. At the very least, wait for a significant pullback in Bitcoin before positioning in altcoins, which is more prudent; that will be the time for altcoins to take off!