Current Short data shows, shorts are pilling up crazy, I believe short squeeze is more likely here for bitcoin. Don't short immediately after break of support, it's too late to short now. Bitcoin is not showing enough demand at the moment, plus china shutting down miners will cause new investors to panic more, so I guess Bitcoin will take some time to gain bullish momentum, but time will tell.
Also, there is lot of supply trapped above, which couldn't sell in the previous BTC drop, those sellers might jump in to add more selling pressure. BITCOIN
Also, there is lot of supply trapped above, which couldn't sell in the previous BTC drop, those sellers might jump in to add more selling pressure. BITCOIN
