Are Smart Traders Hedging Bitcoin with Altcoin Shorts?

From a trading perspective, the best approach is to follow...

Author

Markus Thielen
January 14, 2025

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👇1-12) Bitcoin continues to trade within a narrowing wedge, with several critical catalysts on the horizon. Expectations for a higher CPI number have risen, creating a scenario where a softer-than-expected inflation reading could trigger a Bitcoin rally. This aligns with our January outlook, which anticipated a moderately positive start to the month, followed by an inflation scare leading up to the CPI release.

👇2-12) The risk-reward ratio at this point is not particularly favorable, with downside risks persisting. While Bitcoin has shown resilience, much of the altcoin market is experiencing significant declines.

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