Bitcoin Update ($BTC )
I told you guys before that a big drop was coming, and that's exactly what happened. You can check my post and its timestamp.
And after that big drop, I immediately went long, saying that BTC would go up — and that's exactly what happened, just like I analyzed based on the order book. But some people here don't even understand the order book.
I'm sharing high-quality analysis with you all, but you're not focusing on it. I clearly stated that BTC would go from 90k to 100k, then cross 100k and go to 120k. Now, it has hit 100k and then will go to 120k.
Save this post and watch it happen.
Someone else's opinion and analysis
After a crazy drop in the market, we are now seeing this kind of short squeeze in the market as well.
It is normal behavior that after many of the longs are getting squeezed, the short sellers are also getting squeezed. That is why we are seeing this choppy market as well.
The good thing is that the price has recovered above the 200 EMA in the 8-hour time frame and is now attacking the mid-level of this consolidation range.
Short squeeze in the manipulated market, usually followed by the strong inflow of liquidity into the market. This is potentially what is happening now.
A recovery above $100k could push the price further towards the top of the range again in the $108k region.
Let's see how this thing develops.