GateUser-dee99b0d

When looking at this chart you would think that $NKE is bankrupt.
76% decline from the top. Lowest monthly RSI since 1985.

Saylor's story shows us once again that the main character in crypto always ends up becoming the villain.

More and more long liqs coming in.
You guys are gonna have to stop trying to catch this knife with high leverage if you actually want $BTC to bottom out.
I'm looking at $65k for a strong bounce (hopefully).

I expect a bounce at 70k, but I plan on holding this until 65k.
bitcoin:native

Gm.
Welcome to the US trading hours waiting room, because BTC refuses to do anything until the stock market opens.

How depressing is it when you look up the top gainers in crypto of the day and you mostly see stocks 💀

Open interest is on the rise, but spot is still selling (mostly Coinbase) which results in funding being neutral and the liquidations tape also shows that there are a lot of vulnerable longs in the system.
So not great.
$BTC

Bad morning everyone.
Coinbase started selling off $BTC like crazy out of nowhere while the $SPX is still holding up, creating a negative decoupling.

$BTC's relief rally last month was mostly sponsored by the USA, but the burgers aren't buying anymore so I think it's pretty clear why bitcoin is stagnating right now.

Happy bitcoin pizza day to those who celebrate!

What a chart.
$TRX is in a market of its own.

$SPX futures & $BTC moving a bit higher in tandem this morning. There's some hope.

$BTC clearly broke its uptrend. I have a bearish bias now. I think that any pump back towards those local highs is a comfortable short. 74k could be support. We'll see, worst case we go to the high 60s.
For the CEX traders, trade or countertrade me here: