๐ฅ $BTC SHORT CLEANING YEARLY CANDLE CONFIRMATION! ๐ #BTC #CryptoInsights
๐ Last 24 Hrs: Bears betting BTC wonโt beat $92,000 by year end, but liquidations buying dynamics tell a deeper story. On chain metrics show realized losses dropping sharply, suggesting many sellers are already absorbed weak hands have left the market.
๐ Liquidity Trap: If BTC nears $94K, over $5 B in short positions could get squeezed, triggering a violent squeeze up as shorts get cleaned out and bulls step in. market sentiment/derivatives context
โ Selling Pressure Exhaustion: Recent data points to the tax related sell offs winding down sellers have largely capitulated between Dec 26 28 reducing immediate bearish fuel. implied from stabilization on chain
๐ Yearly Candle Drama: Bitcoin is on the edge of a rare yearly close below green possibly the first post halving red candle if it closes under key levels a break in the classic 4 year bullish cycle pattern many traders watch.
๐ฅ Catalyst Setup:
โข Short cleanout near $94K squeeze fuel
โข Seller exhaustion dip buyers ready
โข Yearly candle pressure market decision point
๐ My View: I believe BTC reverses strong into the new year targeting $100,000 as shorts get trimmed and bulls regain control. ๐
Disclaimer: Not financial advice. Trade your plan
