Hello Traders
From the technical indicators, 40k is our next stop.
We have a big supply zone/ resistance at 40k. It is unusual for a short squeeze to lead to a complete reversal, but let's not fight the trend for now.
Usually what happens after a short squeeze is FOMO buying in, which results in a "bull-trap".
Thanks for watching,
BlockTechEv
From the technical indicators, 40k is our next stop.
We have a big supply zone/ resistance at 40k. It is unusual for a short squeeze to lead to a complete reversal, but let's not fight the trend for now.
Usually what happens after a short squeeze is FOMO buying in, which results in a "bull-trap".
Thanks for watching,
BlockTechEv
Comment:
New update available on BTC since our retest of 40K.
