There are a ton of over-leveraged shorts as the price is pushing up Human greed with the bottom coming in is happening Our RSI on the one day bounced on BTC and ETH
These price increases come at a time when people shorted at the bottom The liquidations will cascade creating buy preassure like in July 2021
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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.