Yesterday we wrotepost warning and already on the same day a new record was set for liquidations of $787 million.
The last time such liquidations took place was 7 months ago!
Moreover, both shorts and longs were liquidated in equal proportions.
📈 There is nothing surprising in this, because $BTC Bitcoin is approaching a historical maximum of $69,000.
Volatility always increases near the maximums, as someone takes profits, and someone sells their coins bought at highs 2-3 years ago at breakeven.
❓ Will Bitcoin be able to break through the highs?
It definitely can, but most likely not immediately for the reasons stated above.
It will reach $69,000, and apparently in the near future, but highs never break through right away, which means volatility will continue to be high, forming new liquidations.
Therefore, trading with leverage is now very dangerous and it is better to continue to buy greatly undervalued alts, which is what we continue to do.
Volatility promises to be high, as the fight for the historical highs of $69,000 awaits us ahead.
And we need to unload the Fear and greed indicator, which is still at the levels of extreme greed.
🔍 Look at the charts below, this is what the Bitcoin chart looks like against most fiat currencies.
It is obvious that the same trend awaits us in the future in pairs with the dollar.
And the most important thing is that when Bitcoin breaks through its historical maximum, the entire market will begin to grow wildly, especially the undervalued alts.
Let us repeat once again, there is no need to sell your positions purchased at good prices. The real rally hasn't even begun yet and the bull market will last until at least the end of 2025.
At any drawdown, you need to buy back the market as much as possible.
🤟 Did you like the review or want to better understand cryptocurrencies and technical analysis?
✔️ Then subscribe and like
➡️ #cassius_trade Look for us on Pavel Durov’s social network. Be sure to subscribe!
