If $BTC holds the $71.8K support level and does not break below it, we can expect a potential upside move, as there are currently more short positions open than long positions.
The market could squeeze those shorts and push prices higher.
Now, let's see which scenario plays out a support hold leading to a rally, or a breakdown triggering further downside.
Key level to watch: $71.8K.
The market could squeeze those shorts and push prices higher.
Now, let's see which scenario plays out a support hold leading to a rally, or a breakdown triggering further downside.
Key level to watch: $71.8K.