Bitcoin is completed or has completed its final correction wave.
Volume profile shows $36,000 - $40,000 as a strong support cluster as much demand was filled at these levels before.
On-chain data shows signs of accumulation as exchange reserves are at all time lows.
Expecting to see a bounce from here. If leverage & greed continues to increase, expect nasty long squeezes towards mid 37K level. Funding & Leverage most likely will reset.
Would not be smart to enter leverage positions here, try to spot accumulate the best you can. This is exactly where over leveraged positions will get trapped. - Not Financial Advice
Volume profile shows $36,000 - $40,000 as a strong support cluster as much demand was filled at these levels before.
On-chain data shows signs of accumulation as exchange reserves are at all time lows.
Expecting to see a bounce from here. If leverage & greed continues to increase, expect nasty long squeezes towards mid 37K level. Funding & Leverage most likely will reset.
Would not be smart to enter leverage positions here, try to spot accumulate the best you can. This is exactly where over leveraged positions will get trapped. - Not Financial Advice
