From a psychological perspective people are most likely trying to catch the top of the BTC bullish movements which often leads to more movements to the other side that all the people are expecting.
After 69K I might look at shorts but for now only bullish.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.