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FAQ ; People keep asking me when to short #BTC💰
☁️ Retailers are mulling over shorting in the 63k-64k range. But until funding turns neutral or positive I won't prefer to short. So, we might see a short squeeze pushing it to 65k or even 66k
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#BREAKING: Grayscale Bitcoin Trust just had $63m INFLOWS for the first time since Bitcoin ETFs were launched on January 11!
The 77 day streak of outflows has been broken.
🚨 US MARKET JUST TURNED BULLISH 💵📈
Traders predict the Federal Reserve will lower interest rates for the first time in September, not November. They now anticipate two 0.25% rate cuts in 2024, which is one more than expected before the recent jobs report.
This could also impact the direction of the crypto market, and high volatility is expected going into the weekend