BitcoinShort
$BTC pre-rally retrace
Updated
The overbought state of the #SP500, the upcoming #Fed's #RateCut decision risk and the buy the rumors sell the facts philosophy along with pre-seasonal profit taking could send the price of #Bitcoin as low as 102K.
In addition, theBTC liquidation map shows a total of ~$2 billion in highly leveraged bullish positions from the 102K price level. Those have to be erased before we can go higher.
In addition, the
BTC liquidation map shows a total of ~$2 billion in highly leveraged bullish positions from the 102K price level. Those have to be erased before we can go higher.Trade active
Mt. Gox transfers 172M #Bitcoin to new wallets as BTC hovers near 107KTrade closed: target reached
Setting the first #TakeProfit at 104.25K
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