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$BTC Has essentially traded around this same price region for the past 2 months.
We have swept some highs and lows during this time but there's still two major liquidity clusters above and below. These also correspond with the larger range.
The Middle East situation is pushing alts down and some of them have reached their cycle low. People are max short at this point, and expecting more downside. If some negotiations happen, a massive short squeeze will happen.