I will only say one thing: last weak correction and the seats on the train will start to run out quickly.
Why so bullish?
Well, On the first day of trading the ETFs of both assets on Wall Street, both exceeded one billion dollars ($1,000,000,000).
Although the marketing says that $BTC is better and whatever distracts, as soon as they had the legal opportunity to buy, they spent 1,000,000,000 dollars on digital assets (not counting everything they buy anonymously).
EVERYTHING IS BULLISH, to a greater or lesser extent, of course.
At this time you can read things like: August is the lowest month in market volume, August is seasonally a period of little activity in the market, etc., etc... well, I think there are many opportunities in the medium term and that the time has already activated to take advantage of them.
But the opportunities do know about patterns, just look at BTC, generally when a bearish trend connects with a previous bullish trend, the price seeks to break at that point in some direction,
100% of the sector is in RED, only BTC has fallen more than 20% so far this month.
Although it was a phenomenon that could be seen coming, since it is profit-taking by Dinero Inteligente, which bought the land for 16 thousand dollars there at the end of 2022, the distribution is in doubt. The $BTC can drop to 51K, for sure. However, I am seeing something very interesting and that is that we are at buying points (for the long term) in certain assets like $LINK , where the accumulation range is between $8 and $13 to distribute for $100 within a few years, since the usefulness of this blockchain IS UNDENIABLE.
BREAKING NEWS: The#GTA6video game that will be released in 2025 will include the#cryptocurrenciesof #Bitcoin,#Ethereumand#USDTas payment methods within the story.
Although the sentiment is bullish and clearly by 2025 everything will be in bullrun, at the present we must be cautious.
The liquidation maps show clear evidence of where the price will go in the short term, in this sense today suddenly the leveraged positions in Long increased dangerously as shown below:
Map of futures contracts at 25x $BTC
If you go LONG, I advise you to close the operation, in the short term at dawn when the volume of operations declines, it will be easy to manipulate the price to take it to lower levels, take that liquidity, form an absorption wick and rise quickly in V.
All in Spanish, on YouTube. I know that many do not speak Spanish, but they are also available in English and other languages. They are interesting for people who have little knowledge of this industry.
1) The Bitcoin Dilemma https://youtu.be/DoOXLuT2MHI?si=ol0fcypzyBt5Ub33
2) Bitcoin: The end of money as we know it https://youtu.be/RK_pv8gqx6M?si=ZvZ4Jm1O2I_yxz0H
3) The Great Escape https://youtu.be/SZG_cLrFJvU?si=A7t7CLwKzWe0CwtA
In the short term it is more than obvious that we will maintain a lateralization in $BTC prices as a reaccumulation. In the very short term, it is very likely to look for the 58K area again to eliminate leveraged longs and immediately increase volume to look for the shorts that are above 62K.
* 25X settlement map of all CEXs
However, all that lateralization noise is to shake the impatient. Since there are several interesting graphs to take into account for the situation:
Although in the previous article we saw that the short (or bearish) contract positions in $BTC were saturated around 63.5K, we see that the strength and price action does not accompany, so the Selling pressure, being more active, suggests that another considerable decline downwards will occur again. For the purposes of the graph it can be seen from #BINANCE that we are on a local ground retest. Generally the structure is more likely to tend to maintain the channel it is drawing than to break out of it.
While a debate ends that did not say anything about the financial sector, it was more of a children's fight and won by a landslide #Trump el $BTC broke the short-term bearish channel while the debate was happening and there is still less than an hour left to close the 4H candle.
Long-term bullish sentiment and money printing will continue. For now a lateralization
Yesterday we saw how more than $228,000,0000 entered the centralized exchanges in one day, that being the day with the highest stable income throughout the year
A few days ago we observed the re-entry to the base of the channel at #BTC☀️ with a weak absorption on the long-term support diagonal that comes from 30K that keeps the price above 60,500
But at the same time it is compressing the price around a short-term bearish diagonal that, if broken, we could have a second confirmation of wanting to return to 68K to clean up inefficiencies left there.