$BTC is preparing for a new low.
For comparison, let's look at the chart of the 6-month #BTCUSDT futures contract with a trading expiration date of 0626.
The chart marks the week when trading on this futures began.
The price rose slightly again, without breaking out of the range.
There was a lot of hope in the market. ;)
By selling hope, big money was massively shorting.
The result today is clear.
I note that open interest on this futures contract continues to increase.
Judging by the price action, this indicates an increase in short positions.
The opening of a new 6-month futures contract is in just 2 days.
The weekly chart indicates a high probability of a downward move.
Everything points to a new low in the first weeks of trading on the new 6-month futures contract.
BTCUSDT
دائم
66,330.9
-3.40%