Market conditions favor a significant short squeeze as liquidity increases in order books. Traders who short BTC may face rapid losses as the price recovers.
Bitcoin’s recent bounce from $117,200 to $118,779 highlights upward momentum, as traders eye potential breakouts above crucial price levels.
Bitcoin’s dominance has risen to 62%, reflecting its strong position in the crypto market. Analysts predict continued upward movement as participants monitor liquidity clusters.
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