Key points:
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Analysts believe that shorts look easy to be eliminated, with the focus on the long-term resistance trend line.
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Fed Chairman Jerome Powell is about to replace, resulting in a super bet on risky assets.
Bitcoin (BTC) After Wall Street opened on June 30, leaning towards $107,000, analytics are watching a major new “short squeeze.”
BTC price rushes liquidity toward crunch candles close
From Cointelegraph Markets Pro and TradingView Shows the gains made by BTC/USD reversed weekly revenue, down 1.1% at the time of writing.
With the need for hours before the monthly and quarterly closures, traders expect volatility to fluctuate, and liquidity in exchange orders has increased.
“As BTC spot moves towards a $108,000 trend, we are starting to see a desire for leverage as permanent funding goes from flat to frontal trading,” trading company QCP Capital noted in its latest Telegram Channel subscriber.
“As participants tend to be targeted by the end of the quarter, positioning seems to be chasing this move.”
Discussing possible BTC price reactions, the popular X trading account Thekingisher prefers shorts to feel the heat – which only shows up with a smaller uptick.
“Below us, a long group of liquids is about 106k-107k left and right. But above the huge liquidation wall above the current price, the huge peak is around 108k-108.5k!” Part of the post Summary with cross-exchange liquidity data.
“That’s a very strong magnet. If the price is pushed to 107.5k, the short squeeze can be cruel.”
Ongoing, popular businessman and analyst Rekt Capital brings mixed news to the Bulls. BTC/USD, now faces an important ultimate resistance to open the door to price discovery.
“After launching from this local green support area…the price is now back in the area for a retest,” he additional About the daily chart.
“The continued stability here will bring the main downward trend back to late May (black).
Fed’s Powell substitute could trigger stocks’ “maximum run”
Before the quiet four-day Tradfi week in the U.S., Bullish Crypto tips are still getting faster and faster on the day.
Related: Record the second quarter and close every month next? 5 Things You Know About Bitcoin This Week
Ric Edelman, founder of $300 billion fund Edelman Financial Services, has proposed a 40% cryptocurrency allocation, plus news that Washington will seek to replace Fed Chairman Jerome Powell.
As Auxiliary device reportPowell continues public criticism of U.S. President Donald Trump’s refusal to lower interest rates, which demanded that those drop from the current 4.25% to just 1%.
“If the new Fed chair actually lowers interest rates to 1%, we will witness one of the largest stock and real estate runs ever,” Trading Resources The Kobeissi Letter predict one day.
“There has never been a time in history that the Fed has been down 1% with the stock market and house prices.”
This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.
