Post

💡 $BTC — IDEA OF THE DAY: SHORTS UNDER PRESSURE 👀 The Fear & Greed Index is sitting at 31 (Fear), while recent liquidations are heavily skewed toward shorts, with roughly 94% short vs. 6% long liquidations. That suggests bears may be getting squeezed rather than retail traders aggressively capitulating. 📊 Similar short-heavy liquidation setups were seen around May 25 and June 1, both followed by local $BTC rebounds. But there's an important catch: ⚠️ A short squeeze doesn't automatically mean a sustained uptrend. With overall liquidation volume still relatively low, this recovery could remain fragile. Chasing longs at current levels carries risk, so traders may prefer to wait for either a healthy pullback or a confirmed breakout. 🔥 Key levels: • $BTC : $63K support / $66K resistance • $ETH: $1,900 support / $1,900 resistance 📌 Risk: 6/10 — Fear remains elevated, and the low liquidation volume makes the current move less convincing. Watch the confirmation, not just the squeeze. DYOR | Not financial advice. $BTC $ETH #SP500Eyes8000 #BIP110ForkFallsBehind