@frostedray
#BTC Short-Term Market Analysis:
A lot of longs are trapped between 118-124, especially with heavy positions stuck around 117-118.
Short-term liquidity is concentrated below 112.
110.5 looks like a potential spot for a minor bounce.
After hitting that, we might see some weekend ranging between 110-113, then possibly another leg down to 107k on Monday.
I’ve been short from 124k all the way down, haven’t taken profit yet, sitting on 10k+ in unrealized gains.
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