$BTC has broken above $81,000 for the first time in 3+ months.
Now, BTC needs to break and close above the $82,000 level, and this bear flag will be invalidated.
🚨 BREAKING
🇺🇸 TRUMP TO MAKE AN EMERGENCY ANNOUNCEMENT TODAY AT 6:30 PM ET.
EXPERTS SAY THAT HE WILL ANNOUNCE A NEW 12-POINT DEAL WITH IRAN.
IF TRUE, BULLISH FOR MARKETS!!
Last time #BTC closed down for five consecutive months, it was followed by five green months.
History doesn’t have to repeat itself, but streaks like this can’t go on forever.
$ETH liquidation heatmap is pretty balanced.
Both longs and shorts are getting aggressive, which means all this will be taken out.
If US-Iran situation escalates, it'll be long liquidations followed by short liquidations.
If some peace talks happen, shorts will get wiped out and then longs.
Historically, bear markets last around 360 days.
We’re only 135 days into this one.
If history repeats, $BTC could drop to $35,000 before a reversal.
Position accordingly.
$BTC has been stuck between 2 liquidity zones right now.
On the upside, there's a liquidity cluster around the $69,000-$70,000 level.
On the downside, there's one sitting around the $66,000 level.
The crypto market is looking weak today, so a sweep of downside liquidity followed by a rally makes sense.