Bitcoin Teases 'Brutal' Short Squeeze as Sellers Protect $108K

Bitcoin teases 'brutal' short squeeze as sellers protect $108K - WorldNL Magazine

Key points:Bitcoin approaches the monthly and quarterly close with a sea of order-book liquidity piling up.Shorts looked primed to be taken out, analysis argues, with a long-term resistance trend line in focus.Fed Chair Jerome Powell is due for replacement, leading to hyper-bullish bets on risk assets.Bitcoin (BTC) dipped toward $107,000 after the June 30 Wall Street open as analysis eyed a major new “short squeeze.”BTC/USD 1-hour chart. Source:…

Bitcoin teases 'brutal' short squeeze as sellers protect $108K

Bitcoin price action slides between increasingly thick walls of exchange order-book liquidity with just hours to go before two key candle closes.

Bitcoin Dices With Liquidity as the Q2 Close Looms

Key points: Shorts looked primed to be taken out, analysis argues, with a long-term resistance trend line in focus. Fed Chair Jerome Powell is due for replacement, leading to hyper-bullish bets on risk assets. Bitcoin (BTC) dipped toward $107,000 after the June 30 Wall Street open as analysis eyed a major new “short squeeze.” BTC/USD 1-hour chart. Source: Cointelegraph/TradingView BTC price surfs liquidity into crunch candle closes Data from C…