web3 kalil

60k$ to 80k$ is a very risky zone for traders and $BTC holders.

We’re indeed in the middle of a fairly wide range between 60k and 80k, the worst possible choice for taking position:
Short and be exposed to a pullback to 80k … long and also exposed to pullback to 60k … in both cases, it’is a losing bet
You can’t trade relying solely on luck.

So I’ll avoid fumbling around.
Quick update because I haven’t changed my mind over the weekend: the weekend pumps ? I don’t believe them, the structure remains #bearish in my opinion.
For now #BTC and $ETH are below all trend lines.

They tried to recover yesterday…but couldn’t. The Asian and European markets are in the green. Surprising, because US Futures are slightly in the red.
This is why I’m keeping a close eye on how this market will evolve today.
As a reminder, lask week every day except Friday of the rebound, they opened in the red and accelerated their losses during the session. So we’re waiting.
A good trade is also a trade you don’t take.

It's done, $BTC broke the important support and re-entered the range of 2024. Going short was my plan. We touched 69K, a level that some saw for a bounce. It is taking its time.

The risk now, in the coming months, is to return towards 50K. And for now, I don't see much that could prevent it.

From now on, it is very likely that shorts will be more frequent than longs.

ETH also broke an important support. Graphically, the next big support would be around $1500, or even a back and forth towards $1380 to capture the wick of April 2025. That would be quite possible in the coming months.

Asian markets did not plunge last night, finishing slightly in the red.

Europe has just opened rather in the green and US Futures slightly in the green. Possible rebound at the opening, but we often plunged in the second part of the day so let's wait. Silver is still volatile, down 10% today.

Since the end of 2023, the markets had generally accustomed us to low volatility and constant buy the dip. Yes, that has changed, it's more complicated and we have to adapt. And we are here for that, we adjust our trading habits accordingly, even if it means fewer trades at times.

Warren Buffet left his position at Berkshire with more than 300 billion in cash because they think that stocks are historically very expensive. Staying in cash, or partially in cash, gives you the opportunity to seize opportunities.

Being fully invested in a bear market prevents you from taking advantage of generational opportunities as you get caught in a spiral of losing trades.

You can be bold in a bull market, but you must be humble in a bear market.
#WhenWillBTCRebound

BTC will never disappear; on the contrary, the rotation of liquidity has already begun.

The SAFU fund of Binance just bought 1,315 BTC, which is about 100.7 million dollars.
$BTC is considered a solid currency because if Binance decides to convert stablecoins into BTC, it means a lot of things, doesn't it?
But first, let's go back to the last rise of gold and silver; why did the prices suddenly spike more violently?
In times of uncertainty, especially the case today with geopolitics, Trump's threats, customs fees, and aggressions ...
Gold and silver were considered safe havens in times of instability, especially during crises, and BTC as risk-on products.

But the correction of recent days on gold and silver, people have understood that gold and silver are not as stable as they thought, so inevitably people will return to BTC.
The metrics to watch are the inflows and outflows at level #etf in the coming weeks.
So be calm, BTC is not here to disappear.
#BTC☀