OK m not big into meme projections since I am more a trend and support/resistance trader but I think Bitcoin will print something like this.
Bitfinex show huge order cluster between 8.8 to 8.6 with more than 700 Bitcoin (spot) protecting the range. Hopefully will hold any attempt to pierce but at same time it feels that sell pressure has vanished.
Overall i think is really bad idea to risk shorts because when it pumps (specially if market makers decide to front-run everyone expecting a dump) it will be brutal.
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