$2.77 billion shorts have been liquidated in the past 24 hours. $BTC is in the yellow zone where I’m expecting a deviation. Swing shorts area from 72-75k and targets still remain 65k, 58k and 48k levels. Major bearish trend will be invalidated if we get a strong 4h candle above previous swing high at 82k level.
If we get a 4H candle closure above 72k then 76-78k are highly probable but ideal swing position would be to DCA from 72-78k and 1D closure above 82k will invalidate it.
If we get a 4H candle closure above 72k then 76-78k are highly probable but ideal swing position would be to DCA from 72-78k and 1D closure above 82k will invalidate it.