DOTUSDT short term bias

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Keeping in view the situation of the BTC and bearish cycle on macro-level, DOT is poised to fake out or fake impulse towards upside, which will trap the bulls and it will suddenly break down and take a dip. Rate hikes and inflation will have its effect on the BTC so as on the ALTS.

Areas to keep in my mind for shorting are 8.4 and 7.6. I
t might drop from the current price as well. More confirmation for short entries can only be taken on lower time frames if some one wants to take short positions.