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Technical analysis by panickyChile85473 about Symbol BTC on 2/11/2024

https://sahmeto.com/message/3333889
panickyChile85473
panickyChile85473
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More than 300 Million dollars worth of margin contracts have been opened on the BTC market during the weekend low-volume period. Daytraders are again taking up positions with insane leverage on a weekend market. Business as usual.Let's hope that most of these margin positions are shorts with high leverage and tight liquidation levels. I can not imagine a better fuel for an other leg up.Binance Perp / Coinbase Spot difference is negative, meaning that the futures traders are positioning for a drop.Onwards 🚀 #Bitcoin

Translated from: English
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Signal Type: Neutral
Time Frame:
15 minutes
Price at Publish Time:
$47,299.53
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