Bitcoin reversal and when to buy back (long term view) 2

It was only when the kimchi premium reached 0 or minus that it turned into a bullish market.
(Check the circled part)

This time too, the decline will only end when individual investors surrender.

Additionally, high OI is maintained.

Short liquidation price 69k

Long Clearing Price 50K

Observe these two points carefully.

The freeing up of liquidity from futures liquidation gives futures forces the power to reverse trends.

Note

Further explanation of Kimchi Premium
When short-term investors buy on a bounce after a short-term pullback, the futures whale adds additional selling pressure, and when short-term investors sell, it turns the trend into a new bull market.

Note

For now, it's important to note whether short-term investors are buying more or selling less on the short-term bounce after a pullback.
If they sell on the bounce, the kimchi premium will fall and a new uptrend will begin.
If the opposite happens, the price will fall towards the 50K mark.

Note

Short liquidating mills around 68k

Note

Short-term resistance 65K, 67K

Trade closed: target reached

65K short liquidated

Note

Next liquidation target 66K 67K

Note

Last 69K

Trade closed: target reached

66K short liquidated

B_Cipher

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