BTC shorts have continued sinking toward the lows of a daily demand zone, whilst BTC price itself has failed to make much reverse-correlated movement in turn.
This means that the recent BTC trend channel break was a fakeout and BTC is heading to new lows around $3300 within the next month or so.
I expect a possible $3100 BTC before shorts dump entirely, but this will likely happen fast.
In the short term (7-9th december) I'm expecting a minor BTC retest to 3.6k, but next week, or even this weekend, once $3-3.4k BTC is fulfilled, prepare for a bullish BTC.
With shorts this low and price steadily creeping up, I expect a large price dump in the coming days. Following previous trends with shorts in this range has lead to $1000+ price drops throughout May, August and September.
