A lot of people are talking about a Bitcoin short squeeze…. In my opinion we won’t get one.

Shorts may be back to ATH soon and will surely need to go down. But they can drop in 2 ways. Either they get liquidated in a short squeeze and price rockets up.

Or.

Price drops and traders close their shorts on the way down to lock in profits.

I’m having a hard time finding a bullish argument at the moment. And longs don’t seem to be putting up much of a fight on shorts.

I think we will be heading back down further soon.

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