$BTC The interest rate cut is pretty much a done deal, now it's just up to Powell's speech. When all the good news is out, it becomes bearish. Let's see what happens on the 11th.
There are very few short positions above $BTC , but a terrifying number of long positions. If it goes to 83,000, hundreds of millions will be liquidated.
$PIPPIN went up from 0.019 to 0.35, nearly 20 times, so there's room to drop—refer to aia for comparison. However, the fees are enough to give the shorts a hard time. In short, shorting simply won't make money.
$BTC Why is it dropping? Because the biggest positive in this space is Trump speaking up. As long as he stays silent for a day, Bitcoin will be jittery for a day.
$BTC coin rises and USDT falls, what makes you say it's a bull market? When USDT was 7.7, Bitcoin was 100,000. Now USDT is 7, and Bitcoin is 93,000. What's so bullish about that? Do you have more coins or more money?
There has been aggressive shakeout these past few days. Many high-leverage positions, both long and short, have been mostly cleared out. A big move is probably coming—could be a major surge, could be a major drop, or possibly just sideways consolidation.
$BTC hasn't shown a long wick candle yet, I'm hanging at 82000, not sure if there will be a long wick candle in the second half of the night to help me earn some living expenses.