Prediction evidence

Ma

That Martini Guy ₿

@MartiniGuyYT

A lot of bulls are expecting the bears to get squeezed the same way the bulls got squeezed. I'm not so sure. When I look at where liquidity is building, the bears are still in a pretty strong position. Most of the new longs have entered much higher up the chart, which leaves them in a fairly vulnerable spot if sentiment changes or bad news hits the market. The other thing I'm watching is the Wyckoff structure. As it stands, it still points towards another leg lower this month. For me, the level that changes everything is around $75k. If Bitcoin starts breaking above that area, then the whole picture changes and the bear market argument becomes much harder to make. Until then, I struggle to see the catalyst. The world isn't exactly getting less chaotic right now.