Bitcoin UPDATE – DONT RUSH INTO LONGS.
Bitcoin / TetherUS BINANCE:BTCUSDT
Personally i will not be rushing into any long positions trying to “catch the bottom” is like trying to catch a knife. There will be many retail traders looking for high leverage long opportunities at any moment, this can cause a roll over in the market due to the liquidity that will remain below- the market is in a strong downtrend on all timeframes, bears are very much in control we have made a small bounce and minor correction but currently about to test daily supply. Be cautious with any traps and dont fight the trend, we will only start to look for longs when we have a change of structure from a 1D perspective.
