What Next for $BTC


We saw a God candle for $BTC to 64,400, this move is currently showing strength, but could we short it is the real question??


According to our trade methodology, it was a straight long from 62670, however here are my concerns:


OI is back to critical levels(this is for sure late longs apeing in)


Funding is at the highest level since $66k(supporting the late long thesis)


This rally was fuelled by shorts getting squeezed


This pump happened on a Sunday(USA timezone)


We left the $57k liquidity area untapped on the previous down(meaning it's still there for the taking)


I do have a short setup Idea I will share with you'll, lets look at this move as Asia being generous.

#Bitcoin #Bitcoin Price Prediction: What is Bitcoins next move?# #MicroStrategy

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October 14, 2024 at 12:09 PM
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