I believe we might see a pump in the next few hours, considering the large number of shorts open right now and how quiet the market has been in the last few days.
Checking if the amount of shorts is really high using the Long/Short Ratio is a method I developed myself, different from the way most people usually read this data.
If the pump really happens, it will be a strong sign that our method works... or maybe just a coincidence?
Of course, there is an important liquidity zone above, but that alone is not enough to make the price go up.
Bitcoin usually moves based on support, resistance, and the balance between supply and demand. When there is a large amount of shorts, the resistance tends to get weaker compared to the support. This creates the perfect setup for an upward move.
Let’s see how the market reacts. Unexpected news can mess up our analysis, or Bitcoin might still do what we expect, just in a more unpredictable way.
