Crypto Market Crash Possible as Machi Big Brother Closes $33M in Profits
TLDR
- Machi Big Brother secured over $33.8 million in profits by closing all long positions.
- Bitcoin faces resistance at the $120,000 level with a double rejection pattern.
- Low trading volume on breakout attempts signals a lack of buying pressure for Bitcoin.
- Ethereum’s price continues to rise toward $4,700, but momentum is slowing.
- The RSI on Ethereum shows bearish divergence, indicating a potential correction.
Machi Big Brother, a significant player in the crypto market, has closed all long positions, securing over $33.8 million in profits. The move comes amid growing concerns over the overheated state of both Ethereum and Bitcoin markets. As the market continues to show signs of weakness, many wonders whether a crypto…
