Since breaking through $70k leverage has been declining, signaling a true breakout move for #bitcoin following the liquidation of large short positions.
Many traders tend to believe that the recent uptrend is a trap or even a false breakout — this stems from the bearish sentiment that has been entrenched in market since the beginning downtrend — however, the data suggests otherwise.
#technicalanalyst #Onchain #futures $BTC
Many traders tend to believe that the recent uptrend is a trap or even a false breakout — this stems from the bearish sentiment that has been entrenched in market since the beginning downtrend — however, the data suggests otherwise.
#technicalanalyst #Onchain #futures $BTC
