I strongly believe that the market is still bullish. For the first time in a long time these dips are for buying.
Main reason : Open interest reset by about 5k BTC while not affecting the price much which means liquidity is high right now and MM funds are ready to be used again to push higher. Altcoins are also still holding up after a big run which means Binance did not activate their sell bots yet and buy bots are still semi-active.
I am expecting a green day tomorrow or after tomorrow with the intention of the MM getting people that sold here to rebuy on a new green day.
Obviously could still be wrong since Binance fully controls the game which is why it is important to properly manage your bankroll but that is my current observation of the market. The main thing to do from now is to just derisk slowly as prices go up and focus more on scalping for small % profits multiple times since a reversal can still happen at any given moment.
Main reason : Open interest reset by about 5k BTC while not affecting the price much which means liquidity is high right now and MM funds are ready to be used again to push higher. Altcoins are also still holding up after a big run which means Binance did not activate their sell bots yet and buy bots are still semi-active.
I am expecting a green day tomorrow or after tomorrow with the intention of the MM getting people that sold here to rebuy on a new green day.
Obviously could still be wrong since Binance fully controls the game which is why it is important to properly manage your bankroll but that is my current observation of the market. The main thing to do from now is to just derisk slowly as prices go up and focus more on scalping for small % profits multiple times since a reversal can still happen at any given moment.