The whole market is calling for a break below 73,000 and a drop to 70,000, but one contrarian is calling for a squeeze from 72,000 to 90,000 in just a few days.
CrediBULL just said: The last time open interest reached this level, shorts were brutally squeezed, with $BTC 62,000 surging to 80,000 in a few days. This time, they’re betting it’ll happen again.
Current price: 73,733. There are $240 million in buy orders stacked below at 73,000, right on the 200-day moving average at 73,200. Above, nearly $500 million in sell orders are weighing on the price between 74,300 and 75,300. Break through that, and it’s a vacuum zone—77,000 is the first target.
A: A squeeze means the bottom is in. Go all-in above 75,300.
B: Just empty talk. Below 73,000, look for 70,000.
$BTC
#比特币 #ShortSqueeze
CrediBULL just said: The last time open interest reached this level, shorts were brutally squeezed, with $BTC 62,000 surging to 80,000 in a few days. This time, they’re betting it’ll happen again.
Current price: 73,733. There are $240 million in buy orders stacked below at 73,000, right on the 200-day moving average at 73,200. Above, nearly $500 million in sell orders are weighing on the price between 74,300 and 75,300. Break through that, and it’s a vacuum zone—77,000 is the first target.
A: A squeeze means the bottom is in. Go all-in above 75,300.
B: Just empty talk. Below 73,000, look for 70,000.
$BTC
#比特币 #ShortSqueeze