Good morning to you all 💙 Where is Bitcoin headed?!
This is what I see!
First, I hope you look up the meaning of the term Liquidity Sweep and any term I write will save you a long time in learning.
In short, Bitcoin will either rise from here to a new all-time high or return to the same bottom it dropped to two days ago and then rise to a new all-time high.
Why am I optimistic?!
❄️ Because the rebound happened suddenly and did not give the market a chance for many to enter.
❄️ The Premium Index is still negative: this means that the number of short holders is very high, and thus the market can simply reverse on them as usual.
❄️ The Funding is also negative, and the market can also reverse and rise.
My speculation on Bitcoin $BTC is still open with a clear stop-loss as published weeks ago.