Does the current situation on the #BTC chart resemble anything?
Just like that time, they were confused by this swing, they increased their positions, many traders have now gone to the fence (sitting without a position) and now it is easy to slowly pull the price up, drive people into higher longs, and then cut again.
So Iâm waiting for a short entry higher (maybe 28900) and Iâm also currently considering alts for a short-term position.
From the TA point of view, everything is clear too - the lower support zone has been tested, now we need to find resistance, because the price does not reverse in the air. And the nearest resistance is just the stop volume at 28900. If we really go there, then the alts will grow during this time, as usual.
