Bitcoin reversal and when to buy back (long term view) 2

2024년 3월 21일

It was only when the kimchi premium reached 0 or minus that it turned into a bullish market.
(Check the circled part)

This time too, the decline will only end when individual investors surrender.

Additionally, high OI is maintained.

Short liquidation price 69k

Long Clearing Price 50K

Observe these two points carefully.

The freeing up of liquidity from futures liquidation gives futures forces the power to reverse trends.

2024년 3월 21일

노트

Further explanation of Kimchi Premium
When short-term investors buy on a bounce after a short-term pullback, the futures whale adds additional selling pressure, and when short-term investors sell, it turns the trend into a new bull market.

2024년 3월 21일

노트

For now, it's important to note whether short-term investors are buying more or selling less on the short-term bounce after a pullback.
If they sell on the bounce, the kimchi premium will fall and a new uptrend will begin.
If the opposite happens, the price will fall towards the 50K mark.

2024년 3월 21일

노트

Short liquidating mills around 68k

2024년 3월 22일

노트

Short-term resistance 65K, 67K

2024년 3월 23일

거래청산: 타겟 닿음

65K short liquidated

2024년 3월 23일

노트

Next liquidation target 66K 67K

2024년 3월 23일

노트

Last 69K

2024년 3월 23일

거래청산: 타겟 닿음

66K short liquidated