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

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.

코멘트:

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.

코멘트:

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.

코멘트:

Short liquidating mills around 68k

코멘트:

Short-term resistance 65K, 67K

거래청산: 타겟 닿음:

65K short liquidated

코멘트:

Next liquidation target 66K 67K

코멘트:

Last 69K

거래청산: 타겟 닿음:

66K short liquidated