🪙 Correction finished??
Friends, I think you have seen that BTC has shown a very sharp rise in the last 2 days. It seems that 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 indicators of the continuation of the bullish trend?
➡️ Spot BTC-ETFs continue to receive investors' money.
➡️ Financing on centralized exchanges has normalized.
➡️ The market was cleared of unnecessary players, as there were many liquidations.
➡️ Tether continues to print a billion USD
➡️ The net flow (inflow and outflow of funds) on exchanges remains negative, which means that investors are actively buying cryptocurrency and withdrawing it to wallets for holding.
➡️ Open interest in derivatives is starting to grow again.
🧠 I was of the opinion that the market would still give us the opportunity to make money on a short position, but analyzing all the above factors, the probability of this happening becomes less.
⚠️ 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 flip 🐳
