Bears Getting Absolutely Wiped Out 😳 Here's Why !! 😲
If you look at the liquidation data over the last 24 hours, the crypto market just pulled off a brutal overnight trap. After pushing down heavily, a sudden relief bounce triggered a massive $448 Million in forced liquidations, and over $265 Million of that pain fell straight on over-leveraged shorts!
High-volume VSA (Volume Spread Analysis) charts show that while retail was aggressively shorting the breakdown, massive whale blocks stepped in to absorb the selling pressure. The Fear & Greed index is currently sitting down in extreme fear at 19/100, which is historically the exact zone where smart money engineers violent short squeezes to trap the crowd.
Bitcoin is currently struggling to cleanly reclaim the $60,000 psychological resistance. I am waiting for the price to stabilize here. If we get a high-volume confirmation above $60K, it will open up aggressive long opportunities targeting $62,000 – $65,000 as prediction markets heavily bet on a massive July reversal.
📉 For Future Traders: Be incredibly careful shorting down here. If the price retests $61,200 and fails on low volume, look for quick short scalps targeting a re-sweep of the $58,500 liquidity floor, but keep your stop-losses extremely tight.
Are you riding the relief rally or do you think the bears are going to drag us lower before the week ends? Drop your trade setups below! 👇
#Bitcoin #BTC #CryptoTrading #TechnicalAnalysis #BinanceWrite2Earn #ShortSqueeze #CryptoNews
If you look at the liquidation data over the last 24 hours, the crypto market just pulled off a brutal overnight trap. After pushing down heavily, a sudden relief bounce triggered a massive $448 Million in forced liquidations, and over $265 Million of that pain fell straight on over-leveraged shorts!
High-volume VSA (Volume Spread Analysis) charts show that while retail was aggressively shorting the breakdown, massive whale blocks stepped in to absorb the selling pressure. The Fear & Greed index is currently sitting down in extreme fear at 19/100, which is historically the exact zone where smart money engineers violent short squeezes to trap the crowd.
Bitcoin is currently struggling to cleanly reclaim the $60,000 psychological resistance. I am waiting for the price to stabilize here. If we get a high-volume confirmation above $60K, it will open up aggressive long opportunities targeting $62,000 – $65,000 as prediction markets heavily bet on a massive July reversal.
📉 For Future Traders: Be incredibly careful shorting down here. If the price retests $61,200 and fails on low volume, look for quick short scalps targeting a re-sweep of the $58,500 liquidity floor, but keep your stop-losses extremely tight.
Are you riding the relief rally or do you think the bears are going to drag us lower before the week ends? Drop your trade setups below! 👇
#Bitcoin #BTC #CryptoTrading #TechnicalAnalysis #BinanceWrite2Earn #ShortSqueeze #CryptoNews