Are Longs Exhausted? Bear Flag Caution - Bitcoin Today

Are Longs Exhausted? Bear Flag Caution - Bitcoin Today

In this episode of The Trading Parrot, we delve into the current state of Bitcoin and its potential to reach new all-time highs. We analyze key chart patterns, including a double bottom and a bearish flag, to understand the critical support and resistance levels. We also discuss the role of ETF inflows, whale activity, and the significance of liquidity traps. Additional insights are provided on the broader market trends, including the dollar's performance, volatility index, and other altcoins. Learn the triggers that could invalidate bullish scenarios and how to protect your trades in this volatile market. Stay tuned until the end for valuable tips on using Bybit, OKX, and non-KYC exchanges for optimal trading.

00:00 Introduction and Video Overview
01:19 Recent Market Analysis and Key Levels
02:22 Potential Bearish Scenarios
04:55 Bullish Targets and Daily Chart Insights
08:05 Market Sentiment and ETF Inflows
15:04 Altcoin Season and Trading Strategies
15:39 Exchange Recommendations and Conclusion

#BTCUSDT #BTCNews #Bitcoin2024 #btc #BITCOIN #technicalanalysis #crypto

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⚠️ *DISCLAIMER*
This video is not intended for UK/US residents.
The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments.