$BTC into the Fed at 80.7K, and the liquidation map is lopsided.
$135M of long liqs sit within 2% below vs $83M of shorts above. Options pin it: max pain 80K, put wall 80K, call wall 82K.
Read: a wick under 80K to clear longs first, then a run at 82K. Invalid below 79K.
Fade the first move or chase it?
#BTC #Bitcoin #FOMC $BTC
$135M of long liqs sit within 2% below vs $83M of shorts above. Options pin it: max pain 80K, put wall 80K, call wall 82K.
Read: a wick under 80K to clear longs first, then a run at 82K. Invalid below 79K.
Fade the first move or chase it?
#BTC #Bitcoin #FOMC $BTC
