$BTC is trapping both sides of the market right now.
• Dropped $3,300 in 18 hours • Over $600M in long positions liquidated • Rebounded $3,000 in just 8 hours • Another $107M in shorts liquidated • $60B added to Bitcoin’s market cap
• Higher lows are building • $86.6K continues to cap the upside • The ascending triangle is running out of room • Break and hold above resistance could start the next expansion