💰 The CME Gap around the $34,000 level is currently acting as a magnet.

The market's response at this price point will determine the next trend.

whether it will be a minor rally 📈 or a larger sell-off 📉

🆘🆘 3,654.80 $BTC ($126,900,243) aggregated inflows to #Bitfinex

@News_Crypto | link

💰 As expected The market appears to be approaching the end of its current cycle and forming a top here.

9 Nov 2022 : Market Bottom 📉
9 Nov 2023 : Market Top 📈

Holding new short positions and expecting 20-30% market correction 📉

💰 Bitcoin is expected to top this week, followed by a correction due to several factors :

1. Bollinger Bands on a monthly have indicated both a bottom and a potential top.

2. There's significant trendline resistance.

3. The release of CPI and PPI data this week is likely to impact its value.

4. Historical patterns suggest that since Nov 9, 2022, was a bottom, Nov 9, 2023, might similarly indicate a top.

We closed Bitcoin Longs at 35,000 and then shorted it at 37,000, Anticipating a 15% to 20% correction to begin within a week.