The “big pie” (i.e., BTC) is meeting expectations and has already entered the red pressure level. I’ve already opened a personal short position. There’s a relatively high probability that it will continue to range-bound over the weekend. The direction will likely become clear next Monday. The current situation looks very similar to the weekend altcoin scenarios that have happened multiple times before: after a series of coordinated pumps, retail traders are very easy to get carried away, and once they’re trapped, they’re more likely to keep holding—leading to trouble. Stay alert, and have protection in place—it’s the key.

BTC-2,16%
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