today's crypto rollover is pretty unequivocally pretty bad agree that it makes a ton of sense to be cautious again into month end as everyone got too out in front of being excited about alts & btc again into a now very difficult situation post FOMC without a clear offramp
Greeny
Greeny18 hours ago
I'm short Bitcoin from $74K. Here's why. Price swept liquidity above the previous range high and is now trying to hold that level as support. On the surface, that looks constructive, but when you zoom out, there's no rate cut from the Fed, a rate hike in Australia. Macro bias on HTFs is bearish across the board. This is one of the most important levels Bitcoin has to hold right now. If buyers can't defend the previous range high as support here, we trade back toward range lows in the low $60Ks. I don't think they hold it. Invalidation is clear, if BTC reclaims and holds above $74K with conviction, I'm wrong and I'll cut it. But until then, the macro is doing the talking and it's not saying what bulls want to hear.
still a long term hype @HyperliquidX hater given its continued obstinance post 10.10 - but you can prob cotinue to be long $hype and short almost evertyhing else anywhere where you dont get ADL'd :)
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