If BTC reclaims the $80,000 level, roughly $5B in short positions could be wiped out.
A strong reclaim would likely trigger short liquidations, accelerating upside momentum in the short term.
Bitcoin bounced back after hitting the $60,000 level, but is now retracing again. The support level is around the $65,000 area, and losing this level will likely lead to a drop below $60,000.
$LINK 1W chart
This looks ugly.
IF $LINK loses the Support/Neckline ($10-11), it will be so bad
Not trying to scare the #LinkMarines, but the Target of the Head&Shoulders pattern is $4-5 🎯📉
That’s the lowest $LINK could go this year IMO
Conservative downside target would be $7.15 — POC on VRVP & the 2022-2023 Accumulation Zone.
I really don’t want to see $LINK below that level
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