🚨Warning for the Next Couple of Days‼️🚨
Pay Attention!
A few weeks ago, I made a similar post, and my prediction was accurate, helping many avoid a massive mistake. Here’s what you need to know now:
Current Market Sentiment:
- The mildly bullish sentiment we've seen in the last day is not solid. Don't be fooled into thinking the sell pressure has ended.
- This slight recovery is due to a significant drop in crypto trading volume over the past 24 hours (-42% overall).
- Large holders and funds are waiting to see what happens in the next couple of days.
Key Events to Watch:
- Tomorrow (27th June):First Presidential Debate and crucial unemployment numbers (12:30 PM UTC).
- Friday:Important Core PCE numbers.
Market Conditions:
- Massive leverage is open both long and short within 2k of the current BTC price.
- When leverage builds up and is decided by news, it usually results in huge volatility and significant liquidations.
- The crypto market has been hit hard over the last week, so it might not be as volatile as when I warned about similar conditions a few weeks ago. Nevertheless, there is still a large buildup of risk, increasing as we approach tomorrow.
Advice:
- Avoid High Leverage or Margin Trades Now:The risk is too high.
- Long Positions:Wait until after the unemployment numbers are released tomorrow (27th June, 12:30 PM UTC). If they are close to the forecasted 236k, consider entering long trades.
- Core PCE on Friday:Expected to be 0.1% (bullish for crypto).
- Unemployment Numbers:Far more volatile and difficult to predict. They will have a significant impact if they deviate from expectations. Avoid high margin trades to prevent potential losses from a shock reading.
Conclusion:
- Wait for the Unemployment Storm to Pass:You can then assess the potential upside from the debate and the PCE numbers.
This is only my opinion—shocks can happen. Stay vigilant and trade wisely.
#Market_Update #Write2Earn! #MicroStrategy #Megadrop #BinanceTournament