DiveInDefi
I think this is a very good and difficult question and I have discussed this with various people already: BTC was designed to be like digital gold and basically do the opposite of stocks in times with high inflation and uncertainty - a safe invest to counter…
Today has showed that we still are shitters to the stock market. BTC literally a 10x leverage to SPX right now..
DiveInDefi
Today has showed that we still are shitters to the stock market. BTC literally a 10x leverage to SPX right now..
We will prove them wrong eventually. However, I think it takes longer than people think that BTC finally takes its role as digital gold.
Forwarded from Binance Futures Liquidations
🟢 #ETH Liquidated Short: $13.4M at $2464.12
DiveInDefi
BTC forming a rising wedge on the hourly. This is bearish unless breakout to the top. These usually break down tho.
Broke down as expected and now the (less likely) breakout to the top. This is the best case scenario. We must stay above this green trendline now for bullish continuation
While BTC broke important levels to the top, SPX hasn‘t yet. I am still not condifent, yet. SPX needs to break the next levels to not form a lower high.
DiveInDefi
These lines are so powerful
We are currently retesting this trendline. If we hold this is incredibly bullish. Ir not we retest 58.5k at least. Probably further down then.