The market is looking overheated right now — it might be time to think about dumping #bitcoin ❗
Bitcoin is still trading below the local trendline, and we’re starting to see early signals of a possible correction. The stochastic indicator shows the market is in the overbought zone, while buying volume is gradually decreasing, which suggests bullish momentum is weakening.
👉 Today’s daily close will be very important to watch. If the price drops below $69,000, it could confirm the breakdown and prove that the recent breakouts were false.
For now, I’m still holding my short positions. Both BTC and some weaker altcoins like $OP and $PIXEL could begin to slide lower from here.💲〽️
If you haven’t entered a short trade yet, this could be one of the better opportunities to consider. 👇
