BTC/USDT Short - Mid Term Daily Trade Update
Here is why I am shorting Bitcoin now:
BTC Dominance is falling like shit, most people are transferring their money to DeFi projects for quick high yields.
It will certainly fill the CME gap left behind for months.
Short term: Short
Mid term: Short
Long term: Long
10300 holds a crucial confirmation here. If it can sustain, then price can push upwards to retest a trendline resistance (blue arrow path)
If it breaks, then we take those yellow arrow path trying to retest lower levels.
I am not being bearish but I think 8800 is very likely.
BTC Dominance is falling like shit, most people are transferring their money to DeFi projects for quick high yields.
It will certainly fill the CME gap left behind for months.
Short term: Short
Mid term: Short
Long term: Long
10300 holds a crucial confirmation here. If it can sustain, then price can push upwards to retest a trendline resistance (blue arrow path)
If it breaks, then we take those yellow arrow path trying to retest lower levels.
I am not being bearish but I think 8800 is very likely.
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