This mildy bullish sentiment we have seen in the last day is not solid, dont believe we cant go lower and the sell pressure has ended.

This recovery is only because Crypto trading volume has plummeted in the last 24 hours.(-40%)

The large holders and funds are waiting to see what happens in the next couple days.

Tomorrow we have the first Presidential Debate and VERY important unemployment numbers, on Friday we have VERY important Core PCE numbers.

Massive Leverage is open long and short within 2k of the current BTC price.(Mostly Long)

When we see a build up of leverage that will be decided by news it usually results in huge volatility and huge amounts of liquidations.

The Crypto market has been hit hard over the last week so it might not be as volatile as when i warned about similar conditions a few weeks ago, regardless there is still a large build up of risk, it will keep getting greater in the build up to tomorrow.

Now is not the time to enter high leverage or margin trades.

My advise,

If you want to enter long positions, wait until after the unemployment numbers come out tomorrow(27th June, 12:30pm UTC)

If they are close to the 236k that is forecast then enter long trades.

The Core Pce on Friday is widely expected to be as predicted at 0.1%(bullish for crypto).

Dont enter high margin trades now and get destroyed if the Unemployment numbers give a shock reading, Unemployment numbers are far more volatile and hard to predict, they will have a huge impact if they are off by a lot.

I dont know how much the Presidential debate will effect Crypto, i can only imagine if Crypto is a topic then Trump will say many pro crypto things and it will be Bullish.

If you just wait for the Unemployment storm to pass you can see the possible upside from the debate and the PCE.

This is only my opinion, shocks happen.

Peace

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