All major long liquidation clusters have now been swept, shifting my focus back toward the upside.
$BTC
#bitcoin
Sentiment on my timeline is even worse than during the previous bottoming range, suggesting that buyers could be nearing capitulation.
Meanwhile, there's barely any significant liquidity left below price, while a large cluster of short liquidations sits between $76K and $78K.
With open interest still at extreme levels, I believe a short squeeze targeting that cluster is extremely likely.
$BTC
#bitcoin
Sentiment on my timeline is even worse than during the previous bottoming range, suggesting that buyers could be nearing capitulation.
Meanwhile, there's barely any significant liquidity left below price, while a large cluster of short liquidations sits between $76K and $78K.
With open interest still at extreme levels, I believe a short squeeze targeting that cluster is extremely likely.
