Big flush. Seeing a lot of traders rush back into longs straight away. Generally these flushes take some time to resolve and with the US Market to open soon it might cause some more volatility.

Personally haven’t been in any active perpetual position for about a week and will patiently wait until prices stabilize a bit and look for longs on strong alts.

No need to knife catch. Most coins moved up violently for 1-2 weeks so if we consolidate for some days that would be fine and make for a healthy correction.

These flushes need to happen along the way to keep the longer trends going.

CME Gap closed 👍

Started bidding some tokens I like. ENA, MNT, AAVE, SYRUP, LTC, BTC & ETH

Key levels for me remain 112K on BTC & 4.1K on ETH for the mid term bullish bias.

Will keep looking for longs and keep invalidation pretty wide to account for further flushes potentially.

Overall mainly spot exposed which is what I am focussing on the most.

These are all low leverage, relatively wide invalidations.

Think there’s a case to be made for BTC & ETH to both go a bit lower first. 114-115 & 4.2-4.3 can easily get tapped and the structure would still look perfectly fine.

We’ll see what we get. Have a good weekend! :)