The Market Shakeout: Is a Massive Breakout Imminent? 🚀
The crypto market is currently a battlefield of liquidations, and Bitcoin is playing both sides. After a series of aggressive sweeps, the tension is building for a major directional move.
The Liquidation Recap
The Short Squeeze: $BTC surged to $70,000, wiping out $65M in short positions.
The Long Flush: Almost immediately, a dump below $67,000 caught the bulls off guard, liquidating a massive $290M in longs.
The Current Zone: We are currently hovering in the $65,000 – $66,000 range. Fresh liquidity has built up here, and a final "wick" down to sweep these stops wouldn't be surprising.
The Bull Case: Eyes on the Upside 📈
Despite the recent dip, the high-probability target remains North. The liquidity pool sitting between $71,000 and $74,000 is significantly larger than what lies below us.
Markets tend to gravitate toward the deepest pockets of liquidity. If the bulls hold the line at current levels, $STG
and the broader market could see a powerful relief rally as $BTC
guns for those all-time high regions.
Market Sentiment: Extreme volatility is the precursor to a trend. Watch for the bounce.
Nabiha Noor
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