$BTC $ETH The broader market still has to fall. The fact that US stocks open higher has little impact.
From the liquidation chart, it shows that at the 1868.5 level below there is a terrifying liquidation pool of 100x high-leverage long positions.
This means the liquidity below is extremely abundant. Pushing upward not only has to face the massive dead-cat bounce sell pressure from the 2012 high—about $26 million in dead shorts—but also requires a huge amount of capital.
Whereas if you smash downward in line with the trend, drive a pin to 1868 and you can easily blow up the dense long army there, taking the margin from a chain of liquidations.
Smart money: 730 mega-whales are opening short positions totaling $617 million. In a market like this—heavy sell pressure overhead and abundant fuel underneath—retail buying simply can’t hold it up. At the very least, it still needs to drive another deep pin downward to liquidate the longs. Just short!
BTC: short around 64200, target 63000
ETH: short around 1893, target 1850
From the liquidation chart, it shows that at the 1868.5 level below there is a terrifying liquidation pool of 100x high-leverage long positions.
This means the liquidity below is extremely abundant. Pushing upward not only has to face the massive dead-cat bounce sell pressure from the 2012 high—about $26 million in dead shorts—but also requires a huge amount of capital.
Whereas if you smash downward in line with the trend, drive a pin to 1868 and you can easily blow up the dense long army there, taking the margin from a chain of liquidations.
Smart money: 730 mega-whales are opening short positions totaling $617 million. In a market like this—heavy sell pressure overhead and abundant fuel underneath—retail buying simply can’t hold it up. At the very least, it still needs to drive another deep pin downward to liquidate the longs. Just short!
BTC: short around 64200, target 63000
ETH: short around 1893, target 1850