Currently, 63% of people are shorting Bitcoin, while only 36% are going long, indicating that many believe Bitcoin will struggle to break 110,000.
However, if the price rises to 112,000 this week, those shorting may face liquidation, so it's important to monitor the risks closely. The market sentiment is heavily skewed, so be cautious of a reversal, and don't blindly follow the crowd; manage your positions well!
If you're unsure and constantly chasing highs and lows, feel free to reach out. Like and leave a comment, and I'll guide you on board.