$BTC
Yesterday’s movement upward, although within the forecast, turned out to be unexpected for me. I’m still a bear in this market.
Despite the strong upside impulse, we remain within the flat structure. The move happened due to the liquidation of shorts; theoretically, there was no fuel for it, but the impulse came from the stock market on the rise of those sectors and AI. Crypto, across a broad range, managed to catch up with that. This doesn’t look like a grand narrative to me.
Based on the liquidation maps, longs are getting filled into the order book. On the daily charts, there is already a significant imbalance. It’s important to understand that to the right of the current price there’s no money for them—neither on the daily timeframe nor on the higher/global timeframe, at least for now.
Technically, a squeeze upward is possible—behind the block of liquidity, toward the 83k area, give or take—but in the order book there are no further orders beyond that.
On the global timeframe, an imbalance is also building: there are more bullish bets than bearish (short) bets.
And all of this still doesn’t cancel the move into the 73k zone—just not immediately. The liquidity density isn’t that high; the MM needs to accumulate more long positions. So, for now, there isn’t a more or less acceptable setup for longs or for accumulating spot.
Yesterday’s movement upward, although within the forecast, turned out to be unexpected for me. I’m still a bear in this market.
Despite the strong upside impulse, we remain within the flat structure. The move happened due to the liquidation of shorts; theoretically, there was no fuel for it, but the impulse came from the stock market on the rise of those sectors and AI. Crypto, across a broad range, managed to catch up with that. This doesn’t look like a grand narrative to me.
Based on the liquidation maps, longs are getting filled into the order book. On the daily charts, there is already a significant imbalance. It’s important to understand that to the right of the current price there’s no money for them—neither on the daily timeframe nor on the higher/global timeframe, at least for now.
Technically, a squeeze upward is possible—behind the block of liquidity, toward the 83k area, give or take—but in the order book there are no further orders beyond that.
On the global timeframe, an imbalance is also building: there are more bullish bets than bearish (short) bets.
And all of this still doesn’t cancel the move into the 73k zone—just not immediately. The liquidity density isn’t that high; the MM needs to accumulate more long positions. So, for now, there isn’t a more or less acceptable setup for longs or for accumulating spot.
