GM

The market is moving accordingly to the analysis. BTC is dumping slowly towards the $57k-$59k target and ETH towards $2700-$2800. If we see bullish signs at those levels, I will flip short-term bullish and add some exposure to altcoins, especially low caps (will share some of them). It will all depend on the reaction there. I say short-term because despite of the possibility of a good bounce from those levels, my main bias remains bearish for the next months.

For now, I keep CRO and BNB shorts open and just waiting for this correction to be over before making any other move.

Have a blessed weekend!

BNB short update

Market update

BTC has reached the $57k-$59k key level, and ETH $2700-$2800. What should we expect now?

We could see a ltf local bottom formation here, but for that we need ltf bullish PA. There's considerable demand below these levels, which is good. But until we see a strong reaction or confirmation, I would be cautious before entering any position.

I have taken profits from my CRO and BNB shorts. They could go lower, but the profits are very good already, and we are currently at a support level.

Let's see how prices respond here. Sitting on my hands for now until I see a ltf reversal.