BTC - "If anything can go wrong, it will." - Murphy's Law
$BTC I would like to take the opportunity to use Murphy’s Law as a basis for what might happen. It’s better to be prepared than to be surprised. We are now at a point that was mentioned not long ago by several people, and many laughed at them. In December, there was a prediction that BTC would fall below $59k. If this trend continues, be prepared that we may already see this level next week.
For 3 days now, BTC fails to reclaim and hold above 68.2K.
That level is clearly supply.
📉 Multiple rejections 📉 No strong continuation after breakout attempts 📊 Volume fading on pushes
Smart Money Data 👇 🔴 2,789 traders short ($3.14B) – in profit 🟢 1,399 traders long ($986M) – in loss 📊 Shorts avg entry: 82.6K 📊 Longs avg entry: 77.1K
Last 30m: 🟢 $4.65M net buy 🔴 $3.03M net sell
Translation:
Market is compressing below resistance while shorts remain comfortable.
If 68.2K finally breaks and holds → short squeeze fuel is sitting there.
If rejection continues → range top confirmed, liquidity likely lower.