more on current sideways action

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
113 0
The previous action of shorts in this 4h channel showed shorts have a low tolerance for high prices, 1400$ move closed all those new shorts.

we can see longs and shorts are both greedy and both likely to get some pain

bears seem less price resistant though so we may see some higher prices to liquidate those and build more longs first

Shorts close on profit too so unless some induced selling market makers might just run this sideways for a while
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