People get ready for a quick drop to 39-40k range and a hard bounce. It can drop more, but it should close above that in the 4h
Longs vs shorts are too high (80% longs). The price is at support, that is true, but Bitcoin works this way, it needs to clear longs and liquidate players before it bounces
I expect after this we will have a bottom for a long time
Longs vs shorts are too high (80% longs). The price is at support, that is true, but Bitcoin works this way, it needs to clear longs and liquidate players before it bounces
I expect after this we will have a bottom for a long time
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Disclaimer
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.