BTC/USDT Below The Trend = Bearish

13 במרץ 2023

Hey, guys ✌️

Another week with some interesting movement from Bitcoin. Last week was good for many short position takers and so it was for us.

With new week approaching we see what a huge liquidity hunt is going on currently where with stock market opening price shoot back to $22000 resulting 10% movement which is massive for a daily movement. Currently we see this as an opportunity to load more of short positions as we don't see any good reason for market to show some positive until we are below that trend line (Blue line).

Waiting here for some good momentum which can happen on Tuesday with CPI data release time - so, stay safe and let's get into other coins!!

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Yours Sincerely,

Swallow Team 🔱


Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.