Short the 10.5k level, Heck short it right away.

Hey guys, really short update on bitcoin. We failed to break the 12k a while ago.

We will likely visit the 6k level again. Liquidate most long positions from down there. There are longs at 9k, longs at 6k, a wick to 5k

Good luck guys. There's also bearish developments on the 1 hour/4hours charts.

This dump will pop the DeFi bubble and to hell with YFI and YFII.

Commentaire:

Bitcoin dominance just bounced up a local support line. It looks like there was a fakeout to the downside and it's now back above it.

There are 2 scenarios here.

The first scenario indicates Bitcoin will pump against altcoins to recover its dominance above 60%

The second scenario says Altcoins will dump hard again to give dominance back to Bitcoin.

Let's see which scenario plays out soon. I would personally go with the second scenario.

Peace guys. Trade safely