What if the next big $BTC move isn't another dump, but a short squeeze? 👀
I know $BTC looks weak right now. We've seen a brutal sell-off, and most traders are probably expecting even lower prices.
But something caught my attention around $65K. The selling pressure seems to be slowing down, and buyers are trying to defend this area.
Now think about it. After a dump like this, more traders start chasing shorts. Their stop losses build up above the market, and that's exactly where I see a major liquidity pocket around $68K.
If $BTC manages to reclaim $66K, those shorts could start getting squeezed, adding more fuel to the recovery.
That's why I'm planning a BIG LONG.
TP: $68,000
SL: $64,320 👇🏻
l'm not calling the absolute bottom here. I just think the risk-to-reward is worth taking while this support holds.
Let's see if the market has one more surprise for short sellers.
I know $BTC looks weak right now. We've seen a brutal sell-off, and most traders are probably expecting even lower prices.
But something caught my attention around $65K. The selling pressure seems to be slowing down, and buyers are trying to defend this area.
Now think about it. After a dump like this, more traders start chasing shorts. Their stop losses build up above the market, and that's exactly where I see a major liquidity pocket around $68K.
If $BTC manages to reclaim $66K, those shorts could start getting squeezed, adding more fuel to the recovery.
That's why I'm planning a BIG LONG.
TP: $68,000
SL: $64,320 👇🏻
l'm not calling the absolute bottom here. I just think the risk-to-reward is worth taking while this support holds.
Let's see if the market has one more surprise for short sellers.
