🚨 Cryptocurrency Market Update:
More than 215 million dollars were liquidated in 4 hours, including 199 million dollars from short positions, revealing sharp volatility! 📉📈Impact of Liquidation:
📉 Potential Drop: Liquidation of short positions indicates a sudden price increase, which may cause temporary buying pressure (Short Squeeze). However, without sustained demand, this may be followed by a decline due to profit-taking.
📈 Potential Rise: Continued pressure with new buyers entering may push prices up, especially with positive news. However, high leverage makes the market susceptible to rapid corrections.
#MarketPullback #IsraelIranConflict #ScalpingStrategy #SaylorBTCPurchase #SwingTradingStrategy