BTC AND THE BRUTAL CHANGE IN LIQUIDATIONS ๐
Just a week ago, the market was packed with leveraged longs waiting for an infinite riseโฆ hit follow for more
Now itโs exactly the opposite โ ๏ธ
๐ The
#short s are starting to accumulate aggressively
๐ Everyone is waiting for "the final flush" down to 75k
๐ And when too many people expect the same moveโฆ the market usually does the opposite
The market makers are currently playing with market psychology ๐ฃ
๐ง The narrative changed too quickly: Before, everyone was buying the dip
Now everyone wants
#shortear the breakdown
And that's dangerous
Because if
#BTC manages to defend 76k and regain strength on LTF...
๐ฅ The double bottom scenario starts to get really interesting
๐ฅ And that's where they could liquidate all the late shorts waiting for 75k
BUT...
If 76k breaks with real volume and without a strong reaction: ๐ 75k is practically open
๐ And below that starts a zone where low liquidity explodes
The most important thing right now isn't the price...
It's the market's reaction in this zone
๐76k = possible pivot and double bottom
๐75k = massive liquidity hunting zone
And seeing how liquidations are looking...
I wouldn't be surprised to see a violent spike first to destroy shorts before the real move ๐๐ฅ