#GateMoney正式上线 $BTC ‌10.7 Thursday morning market overview: BTC long position in slight floating profit + Is a Wyckoff market move emerging? BTC formed a solid large bearish candle this morning, marking three consecutive bearish daily candles Yesterday, I entered a BTC long position at 8.28 on the left side of the market and am currently in slight floating profit. As long as the stop-loss is not triggered, there is still a chance to wait for a rebound U.S. stocks opened lower and continued falling. As of this morning’s close, the three major indices closed with slight adjustments, and the crypto market also followed the pullback BTC broke below the rising trendline. As the highs and lows gradually decline, shorting rebounds is the best trading opportunity From the chart, the left side has produced a Wyckoff rise and a bear-to-bull market move. Will the right side produce a correction and a bull-to-bear market move? If the market produces a bear-to-bull rebound, 8.28 is where the market makers repeatedly shook out the market to accumulate positions, and is also the starting point of this rebound. So hold on to your long positions and aim to catch the rebound Friends passing by, please follow, like, and comment to show me your greatest support. Thank you! The above information is for market analysis only and does not constitute trade execution; Follow me so you never lose your way. I’ll bring you the latest information, updates, and price-level analysis every day, as well as the wealth codes you’re looking for. Remember to follow and like.

$BTC Short squeeze loading... While price was dropping today, open interest pumped while Futures CVD continued moving lower. This suggests that the move was largely driven by new aggressive shorts entering the market. When positioning becomes this onesided and overleveraged, we often see those positions eventually get squeezed.

Bitcoin will not make you rich