💵 Now seems like a pretty good time to go long on $BTC ...
👉 Too many shorts, and it seems like the Futures market is artifically dragging the real price down due to too many shorts. This obvious cannot last forever, such price trend downwards is not sustainable.
👉 If a major pump happens, there will be massive short liquidations which will pump BTC back to 67k and above. If BTC breaks 68k, then 70k is suddenly possible due to even more liquidity stacked near the 68k~70k price zone.
👉 I have been shorting BTC from 70k but now, going long suddenly seems pretty alluring.
👉 Always choose the winning side, be flexible.. Maybe now is the time to switch teams.
👉 I am splitting my long entry to get a good average. Don't really know how far this over-extended dump can last.
BTC was around 64.9k when I wrote this. I started opening long slowly since 65.8k.