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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