BTC Purging Short Stops
BTCUSDT Perpetual Contract BYBIT:BTCUSDT
BTC is attacking old highs to take out buy side liquidity. We are punching up into the stop losses and will likely continue higher before seeing some downside.
As we know, what goes straight up, comes straight down 🙂
We may attempt to attack the buy side liquidity at the next high around 52k before reverting and filling out the imbalance created over the last 2 days.
Risky trading right now, use proper risk management.
