#BTR Look at this long-short ratio—there are continuously “big-brain” traders trying to top the market from short positions!
The current market is driven by short liquidation. Too many people are broadly shorting against the trend. The main force’s large funds long positions are still tightly held, but mid-sized big players have already started trying shorts in batches. The divergence between longs and shorts is quickly widening. Brothers, for the next stage, let’s observe and see whether they can keep consuming the newly posted short orders above. Once the shorts stop getting clustered and liquidated, and at the same time there appears a high-volume candlestick with a long upper shadow supply (a supply-type wick), the probability of a short-term pullback will be higher. Then wouldn’t it be better to “dip into” the top while cleaning up those positions?
$BTR
The current market is driven by short liquidation. Too many people are broadly shorting against the trend. The main force’s large funds long positions are still tightly held, but mid-sized big players have already started trying shorts in batches. The divergence between longs and shorts is quickly widening. Brothers, for the next stage, let’s observe and see whether they can keep consuming the newly posted short orders above. Once the shorts stop getting clustered and liquidated, and at the same time there appears a high-volume candlestick with a long upper shadow supply (a supply-type wick), the probability of a short-term pullback will be higher. Then wouldn’t it be better to “dip into” the top while cleaning up those positions?
$BTR
