🚩 Technical Analysis / Liquidity Analysis

Have you noticed the pattern oscillating between the 38k region and MA20? Until we see a definitive breakout or breakdown beyond these areas, we'll continue in this lateral movement between 38k and MA20 (which corresponds to the green line shown in the chart). Consequently, I'm setting multiple short orders around $38,500, with a tight stop loss at $39,200. Remember, these are short-term trades and won't impact my long-term holdings or spot positions.

Just as we regard $38,000 as a current resistance point, MA20 should be viewed as a sort of support.

I anticipate significant FUD in the next few weeks concerning the SEC, exchange regulations, terrorism financing, and money laundering. The U.S. is currently scrutinizing the crypto world, which remains blissfully unaware of the mounting FUD. The SEC's primary targets seem to be Tether and Binance. Watch this space closely; I've also mentioned the potential delisting of USDT from CoinBase, a topic currently under internal discussion. Market makers are undoubtedly aware of these developments and must soon make a crucial decision. A breakout above 38k could see us reaching targets of 44-48k before another major correction. If the market makers release FUD, expect a revisit to the 33-34k region.

Stay alert and stick to your strategy. Consider this scenario: you bought into or went long on coin X a few days or weeks ago, enjoying a 30-100% gain from the surge. The wise move isn't to cash out early as we're approaching a golden bull phase in the coming months. Instead, consider entering a short position at the BTC resistance. If BTC breaks above 38k, your spot investments and long positions will soar, overshadowing any short position losses thanks to your tight stop loss. Conversely, if market makers play the drop, your spots and longs might dip slightly, but since you didn't FOMO buy at the resistance, you're still in a good position. Given your early entry, your profits are already in high double or triple digits. So, whatever happens, focusing on risk management is crucial.