The likelihood of a strong correction is becoming increasingly evident. Overbought zones are saturated, and the strong increases of the last few days have accumulated a large number of long positions, some even highly leveraged (x100). Small market movements could trigger massive liquidations in the coming days. It is crucial to pay attention to gold and oil prices. Low oil demand could indicate a decline in production, which in turn could aggravate the falls and lead us to a scenario of greater uncertainty, especially considering the November elections in the United States. $BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.