$BTC Short Setup Activated ... Watch your Trades
Sellers are showing up. Bulls are looking weak here
#BTC
Sellers are showing up. Bulls are looking weak here
#BTC
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--弱気相場
CoinQuest
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$BTC consolidate around $84.5K yesterday but the follow through wasn't as strong as I expected
The interesting part for me is what happened with shorts. A lot of that short positioning got closed, liquidated or moved pretty quickly
So there wasn't as much short liquidity left above the market to fuel another big squeeze toward $88K
That's why I don't wanna look at BTC chart alone here 👀
Price can look bullish but if the leverage on the other side is already cleared, the move can lose fuel pretty fast
Now I'm watching $84K to $85K again. Let's see if BTC can build something here or if sellers show up again
#BTC #CryptoMarket #ETH
The interesting part for me is what happened with shorts. A lot of that short positioning got closed, liquidated or moved pretty quickly
So there wasn't as much short liquidity left above the market to fuel another big squeeze toward $88K
That's why I don't wanna look at BTC chart alone here 👀
Price can look bullish but if the leverage on the other side is already cleared, the move can lose fuel pretty fast
Now I'm watching $84K to $85K again. Let's see if BTC can build something here or if sellers show up again
#BTC #CryptoMarket #ETH