BTCUSDSHORTS remains elevated. As a contrarian indicator, this will provide the fuel for bitcoin to rally from current levels.
Additionally, on the daily chart, the moving averages are bunched, suggesting a breakout is near.
The $7400 level will be the real test. A sustained break above it would usher in further gains, and create bullish momentum that should last.
Additionally, on the daily chart, the moving averages are bunched, suggesting a breakout is near.
The $7400 level will be the real test. A sustained break above it would usher in further gains, and create bullish momentum that should last.