@CacheTrading It would be nice to see downside liquidity sweep first
โ into 77.2K / 76.5K / 75.8K zones, then decision point
Sell walls above = resistance. Pulled bids below = vacuum. CME open = volatility injection
If BTC does push up into the 79.5Kโ80K block, expect: Sharp rejection wick!
@cryptogoos Since funding is positive and OI rises without price moving, Long squeeze might be next.
Longs get trapped, price flushes down overleveraged longs get liquidated ... (SL for protection)
NFA ... my POV!
@trader_zc_ amazing work as usual @trader_zc_ , watching
If price sweeps the high and OI drops, that is a very high-probability short signal.
It means:
longs chased
smart money selling