Leverage remains high, retail traders remain bullish
The BTC contrarian trade is further down from here, targeting 51k - 52k. Retail traders remain long, as per the most recent CME COT report. Hedge fund positions have not budged.
NFP on Friday may be a trigger for a final capitulation.
Further chop in the next 24-48hrs is likely until the key news on Friday.
NFP on Friday may be a trigger for a final capitulation.
Further chop in the next 24-48hrs is likely until the key news on Friday.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.