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Future Trading Expert - Tamil Nadu
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Bearish
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#BTC
Bearish Update: 4️⃣
SL : As per your risk management
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Future Trading Expert - Tamil Nadu
@KingofBTC2024
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Understanding US CPI Data: Its Impact on Markets, Managing Volatility, and Mastering Risk Control
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Good Morning Everyone, Yesterday, the markets took losses, largely driven by ETF traders. At times, ETF trends differ from BTC trends because ETFs don't always follow continuous trends, while BTC does. Many people believe analysis is easy, but it's not. When market momentum shifts, I need to share updates at the right time. I'm not like others who share higher timeframe analyses and give the next update tomorrow or long after. So please don't compare me with others. I think it's better to stop providing BTC and ETH analysis for day trading. I might start focusing on information sharing, article publishing, and news updates instead. That way, I won't be giving specific trading instructions anymore, and you can trade on your own. Why am I making this decision? When I give continuous profits, people remain silent, and there's no support. But as soon as there's a loss, many come forward to criticize. So, it's better to stop providing analysis for daily profits and instead focus on market news and insights. Thank you.
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About Today: Today, I tried to provide the best analysis, but unfortunately, it resulted in more than 6-7% loss in ETH and 2-3% loss in BTC. The market trends supported us until morning, but in the afternoon, the ETF pre-session trading opened, and both BTC & ETH moved sideways. Today, the market didn’t follow technical analysis because those with large funds played a big role. BTC market volume was low, but ETF trading volume was high. The BTC market was following ETF trends, not its usual patterns. Main Reason for the Bad Market Behavior in BTC & ETH : Last Friday, BTC and ETH experienced 4-5% drops, which also affected ETF performance. Over the weekend, BTC and ETH recovered those drops, but today, when the ETF markets opened 3% higher, the market faced this bad behavior. Last week, I shared more profitable analyses, but today, my analysis resulted in losses. Thank You
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Good night everyone Currently market behaviour is too bad . So better to leave from market . Let's see tomorrow .
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$BTC Bearish update: 4️⃣ BTC currently entered #bearishmomentum So everyone can open short position right now. Timeframe: 15m Support: 54928 Breakout status: ✅ Expecting to drop: 53609-52500 Currently trading: 54860 Resistance : 55775 Thank You Author : @KingofBTC2024 (BinanceXTG) #CPI_BTC_Watch
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