BTCUSDSHORTS Incline 07/08/21

9 de jul. de 2021

On July 8th, 00:00:00 (UTC) we saw a surge in Short Interest just above 34K level, following a dip towards low 32K level. While making higher pivot lows, price is hovering in a consolidation zone with little to no retreat from Short Interest. This could in turn provide bulls with the necessary liquidity to produce a market shift or, "Short Squeeze" and propel price upward. Mind you we are nearly 50% off the ATH of BTC. Long-Term Trend Reversal seems to be smiling in bull's favor. Good luck to all.