Bitcoin doing some Saturday lounging about
This is a no-trade zone for today folks.
If it pumps to 47k, it's a sell.
If it drops to 39k, it's a buy.
Shorts are accumulating rn due to the bearish news in regards to China.
That could mean we go either way, so take from it what you will.
At the moment I'm leaning slightly bullish toward a minor short squeeze above 45k resistance.
We could then start to slide back down again tomorrow evening for the weekly close, or late Monday.
In any case, short-term I'm still bearish on the macro and if we do get a squeeze, that would be a great time to add to your short imho.
If it pumps to 47k, it's a sell.
If it drops to 39k, it's a buy.
Shorts are accumulating rn due to the bearish news in regards to China.
That could mean we go either way, so take from it what you will.
At the moment I'm leaning slightly bullish toward a minor short squeeze above 45k resistance.
We could then start to slide back down again tomorrow evening for the weekly close, or late Monday.
In any case, short-term I'm still bearish on the macro and if we do get a squeeze, that would be a great time to add to your short imho.