Here'd why BTC will most likely dump
Here is why Bitcoin will most likely dump:
As you can see, the USDT dominance is slowly gaining bullish momentum (as It can be seen in a speculative falling wedge pattern) . Funding rates are also very high meaning that overleveraged longs will probably have to close their positions which will cause the market to crash for a short period of time.
We don't know when that'll happen exactly but looking at the stats, it has to for sure happen.
As you can see, the USDT dominance is slowly gaining bullish momentum (as It can be seen in a speculative falling wedge pattern) . Funding rates are also very high meaning that overleveraged longs will probably have to close their positions which will cause the market to crash for a short period of time.
We don't know when that'll happen exactly but looking at the stats, it has to for sure happen.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.