⥠BTC SHORTS GETTING SQUEEZED!
đą #BTC Liquidated Short: $63.7K @ $85,180.10
Bitcoin is showing renewed upside pressure as short positions continue getting flushed. Recent BTC data also shows multiple short liquidations around the $85K area, suggesting leveraged bears are under increasing pressure.
đŻ Market Read:
If BTC holds above $85K, another push toward $86Kâ$87K could develop. However, rejection near the recent resistance zone around $87K would keep the market vulnerable to a pullback.
đ„ My View:
Short-term bias: cautiously bullish. A clean break and hold above $85K strengthens the upside setup; losing the $84.5K area would weaken it.
â ïž Watch the leverage â volatility can move fast.
đą #BTC Liquidated Short: $63.7K @ $85,180.10
Bitcoin is showing renewed upside pressure as short positions continue getting flushed. Recent BTC data also shows multiple short liquidations around the $85K area, suggesting leveraged bears are under increasing pressure.
đŻ Market Read:
If BTC holds above $85K, another push toward $86Kâ$87K could develop. However, rejection near the recent resistance zone around $87K would keep the market vulnerable to a pullback.
đ„ My View:
Short-term bias: cautiously bullish. A clean break and hold above $85K strengthens the upside setup; losing the $84.5K area would weaken it.
â ïž Watch the leverage â volatility can move fast.