$BTC $ETH $BNB 🪙 The correction is over

Friends, I think you saw that BTC has shown a very sharp rise in the last 2 days. It looks like the sellers have finished their work.

According to the structure of the move they could not update the last lower point, which also plays in favor of the bulls (those who move the price up).

🔤 What are the metrics for the bullish trend to continue?

• Spot BTC-ETFs continue to receive investor money.

• Funding on centralized exchanges has returned to normal.

• The market has been cleared of unnecessary players as liquidations have been plentiful.

• Tether continues to print a billion USDT each.

• Netflow (inflows and outflows of funds) on exchanges remains negative, which means that investors are actively buying crypto and withdrawing it to wallets for hold.

• Open interest in derivatives is starting to grow again.

I had a thought that the market will still give us an opportunity to make money in a short position, but analyzing all the above factors, the probability of that happening is getting lower.

❕ Therefore, I advise you to consider only spot positions (longs). If you are a beginner, it will be extremely difficult to try to catch the next reversal 🐳

SOURCE: crypto treys