BTC selling pressure gap not filled may face bloodbath!
This wave of BTC market is quite interesting! The spot premium is still hovering in the negative zone, and the futures positions haven't decreased, with the bulls still holding on. From a technical perspective, the price is just stuck at the left support level; how long do you think this position can hold?
As mentioned this morning, suddenly 80,000 BTC selling pressure emerged in the market! Short-term holders are probably panicking, rushing to sell and run away. At this time, the premium hasn't turned positive yet, it seems we still have to grind within the range for a while.
The CME gap can be filled, but it needs to be done quickly! If we drag on and don't recover, be careful—once the door opens, it could lead to a waterfall crash...
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