Nothing really changes since my last macro analysis :
The only thing that changed a bit is sentiment, which is currently more bullish, which is good sign for bears, but still I think we need to get above previous high at 10500. Imagine anybody who is currently in short - his/her stop loss is without doubt slightly above 10500 + there are thousands of stop-market LONG orders of breakout traders. We will definitely go there to fill/close these orders.
I am still predicting, that rest of the year will be super boring, price will be going slowly down, finishing "E" wave, somewhere at 6000-5000. This could actually be awesome opportunity for altcoins, many of them have interesting bullish structures, on the other hand is still possible, that btc dominance will be going up, while btc will be dropping, that would be nightmare for altcoins.
I am waiting for some TOP confirmation, then I will short btc back to 6k, but too early to short right now and too late to long. So best thing is to stay away from the market right now or just trade some small swings.
The only thing that changed a bit is sentiment, which is currently more bullish, which is good sign for bears, but still I think we need to get above previous high at 10500. Imagine anybody who is currently in short - his/her stop loss is without doubt slightly above 10500 + there are thousands of stop-market LONG orders of breakout traders. We will definitely go there to fill/close these orders.
I am still predicting, that rest of the year will be super boring, price will be going slowly down, finishing "E" wave, somewhere at 6000-5000. This could actually be awesome opportunity for altcoins, many of them have interesting bullish structures, on the other hand is still possible, that btc dominance will be going up, while btc will be dropping, that would be nightmare for altcoins.
I am waiting for some TOP confirmation, then I will short btc back to 6k, but too early to short right now and too late to long. So best thing is to stay away from the market right now or just trade some small swings.