#StrategyBTCPurchase

Bitcoin teases 'brutal' short squeeze as sellers protect $108K

Bitcoin price action slides between increasingly thick walls of exchange order-book liquidity with just hours to go before two key candle closes.

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Key points:

Bitcoin approaches the monthly and quarterly close with a sea of order-book liquidity piling up.

Shorts looked primed to be taken out, analysis argues, with a long-term resistance trend line in focus.

Fed Chair Jerome Powell is due for replacement, leading to hyper-bullish bets on risk assets.

Bitcoin 

BTC

$107,560

 $BTC