Today's liquidation event was one of the heaviest $BTC has ever seen.
Nobody could've seen something of this magnitude coming.
Before FOMOing into this rally, I want to see $BTC holding above its daily EMA 100 and EMA 200 for some time. They are both currently at 38.5k.
We're also seeing many horizontal resistances in this area so I'm cautiously watching market structure and momentum.
We made good money on the last move up and I don't have any intention of giving it back during the next inevitable correction. The market overall looks much better than a few days ago but this probably isn't a new paradigm.
I'll be buying between 36-37.5k with stops below 35k.
PS: If you're actively trading in this market make sure to have a stop loss in place because unexpected and violent moves can easily liquidate you (If you went short with 2.4x leverage @34k you would've been liquidated on Binance Futures overnight)