$BTC finding (temporarily?) support at the $97000, what next?
Bitcoin closed a daily candle below its 50 MA, and it's one hell of a candle, a bearish Engulfing one. The name says it all, does it not?
$97000 seems to be holding okay for now, RSI is perfectly neutral. One thing that has definitely caught my attention is the $BTC Liquidation Map.
Still nearly 4 Billion USD in shorts to be liqudiated if Bitcoin hits $108k...and that's just on Binance, remember. Still not longingwaiting to see what the DXY and Stock Markets do tomorrow.
Bear in mind that crypto spot ETFs had nearly 2 Billion USD inflows over the last couple of days too.
Need to sleep a bit now, but I'm obviously watching the charts for a technical reversal like a hawk. Stay tuned, let's make a killing this week🍾💙 Tough markets to be honest. We will find good setups for you👽