CryptoCache™
$BTC Support is Building Spot Bands / OB Pressure is Heating Up Seeing increased buying pressure in the current range. The same thing happened 1 week ago just before Bitcoin ran from 61k to 67k. Once liquidation at 63k is swept, we should see a pivot…
$BTC Support Still Building
Spot Bands / OB Pressure is Heating Up
Seeing increased buying pressure in the current range.
Now that 7-day liquidation is swept, upside potential is increasing.
A pivot in this range (61-62k) is still VERY likely.
Spot Bands / OB Pressure is Heating Up
Seeing increased buying pressure in the current range.
Now that 7-day liquidation is swept, upside potential is increasing.
A pivot in this range (61-62k) is still VERY likely.
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CryptoCache™
$BTC Short Liquidation Delta SLD spiked to -10b less than 24 hours after a neutral FOMC meeting. Buy the Rumor, Sell the News Bears are firmly in control right now. Long positions are unsafe until descending trendline is reclaimed.
$BTC Short Liquidation Delta
SLD remains around -10b
If this remains too high for too long, we're due to see a short squeeze.
However, for now; bears remain in control. 🐻
SLD remains around -10b
If this remains too high for too long, we're due to see a short squeeze.
However, for now; bears remain in control. 🐻
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