BTC looks like its headed for a dead cat here on a nothingburger ETF setup. The volume on these ETFs is tremendous but it will take a couple months of consolidation to really pick up steam here. The overall markets are very sketchy right now in my opinion, I am only trading undervalued stocks right now with leverage such as FTNT. I am all spot and accumulating cash here looking for a flush of BTC to the downside in the coming weeks. I did have some MARA puts and expect that to continue to drop as well.
My first bearish target is 37.7k and then the fib below it 36k. We could see as low as 30-32, but like I said I think we see a dead cat rally first to 44-46k. I plan on loading up on Mara puts if that happens.
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