Fake tether inflation, new money, non-stop short liquidation party, maybe all 3 and more? Call it what you want but these aggressive dip buyers make BTC appear unstoppable.
The current daily hanging-man-like candle was a great ~$300 move for me but has me all cash and cautious at these levels. I am not comfortable holding BTC for more than hours or days unless we're on a very deep dip. I've been trading short term bounces as the 15 minute RSI drops near 30 as that strategy has been consistently winning for weeks.
Trade active
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small position taken at 8066. will buy more on further downside.
Trade closed manually
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Dont really like the action here. I like ETH better. Closed small long for ~100 move.