Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
🚨✨️💫 Is there no sign of the Bitcoin bottom appearing, or is there?
It's no surprise that Bitcoin declined after 8 consecutive daily green candles. It peaked at 76k.
Since then, Bitcoin has fallen 9% in just 3 days, filling most of the CME gaps and FVG.
The good news is, we are approaching the support zone. And we are seeing overextension. A mild sell-off is possible.
The bad news is, those (delayed long positions with high margin) continue to increase, fueling this garbage fire of liquidations.
True Retail Long Delta at 100%! This is really bad. Thanks CT/YT!
💫 So where will it end ⁉️
Well, the 7-day liquidation bottom (~67k) is where I am placing my bets due to Bitcoin’s consistency. We are seeing 3-4 days of overextension, a temporary pullback (bait), followed by another 3-4 days of exhaustion in the same direction.
This pattern will continue until leveraged traders stop using margin. Oh boy.
My strategy is to scale into my short positions from 74.7k. I plan to average in somewhere between 70-71k, if we even get there.
For now, I strongly recommend respecting the current (downtrend) until we see significant changes in momentum or volume increase.
Don’t force it, don’t FOMO.
Truly patient traders, no emotions.
✅️FOLLOW FOR MORE ✅️
$BTC $ETH $ADA