$BTC

As expected, the BULLS made the first move to $90.3K, but it is clear that there is still not enough strength to break this immediate resistance in the orange range.

As soon as we reached $90.5K, we had over $150,000,000 in SHORT positions being liquidated, and to the surprise of ZERO people, there were several LONG liquidations as the price returned to $89.3K. It's insane the leverage, we are almost always seeing excessive leverage.

The next 4 hours have become completely relevant for the BULLS, they must keep the price above $89.8K or they will begin to show a weakness that is not suitable at this moment.

We need support above the orange range, something like the white drawing I made, only then can we say that we have confirmed the local bottom.

I know that many are posting 2 charts, pointing up and another down, and as the movement occurs, they erase the other, but honestly... I've been in the market for a long time and I will never stoop to this kind of thing.

Although the chart is clearly lagging (everyone already knows the reason), we will not have a complete definition for either the BULLS or the BEARS until we reach $98K, so relax.

It is very likely that today's daily close will define the bottom for the weekend, so let's go for it.

$98K is inevitable!

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