Metrics without a strong buyer: why longs are risky right now
Bitcoin has reached the $73000 zone I expected after the loss of $80000. As long as the price remains below $75600, the main scenario is a continued decline toward $72000. An alternative scenario could emerge if the price returns above $75600: in that case, a rebound toward $78000 is possible. After the liquidations, there has been some stabilization and an increase in volume on spot and futures markets, but the delta is neutral—the metrics are not yet showing a strong buyer.
$BTC #BTC
Bitcoin has reached the $73000 zone I expected after the loss of $80000. As long as the price remains below $75600, the main scenario is a continued decline toward $72000. An alternative scenario could emerge if the price returns above $75600: in that case, a rebound toward $78000 is possible. After the liquidations, there has been some stabilization and an increase in volume on spot and futures markets, but the delta is neutral—the metrics are not yet showing a strong buyer.
$BTC #BTC