Short squeeze likely this week to 60k then to 110k by Nov 2021
As you can see in the Binance futures platform statistics, there are a record number of shorts compared to longs.
You can even check for yourself : www.binance.com/en/f...es/funding-history/4
Many people are expecting BTC to go down this week.
I say this is incorrect considering there are many trapped shorts under $47,000. The market makers, exchanges, composite man won't allow these trapped shorts to get out.
Always remember who the stakeholders are in this futures market. It is designed to liquidate as many traders as it can. This is how liquidation engines work.
I expect a short squeeze continuation this week to $60k, then a gradual climb to $110k by Nov 2021, which will likely mark the peak of the cryptocurrency bull market.
You can even check for yourself : www.binance.com/en/f...es/funding-history/4
Many people are expecting BTC to go down this week.
I say this is incorrect considering there are many trapped shorts under $47,000. The market makers, exchanges, composite man won't allow these trapped shorts to get out.
Always remember who the stakeholders are in this futures market. It is designed to liquidate as many traders as it can. This is how liquidation engines work.
I expect a short squeeze continuation this week to $60k, then a gradual climb to $110k by Nov 2021, which will likely mark the peak of the cryptocurrency bull market.