My short term perspective, is that BTC might go and test the $6600 USD again, and if it breaks, we might see $7400 USD, and visit the top of the triangle, or de can definitively break the triangle to the down side.
The shorts open in Bitfinex are at almost an ATH, the squeeze we saw recently didn't force much of them to close, and since them, they increased again to about the same level. This leaves the door open to a massive squeeze witch, until that happens, I don't believe we have much space to the downside.
The shorts open in Bitfinex are at almost an ATH, the squeeze we saw recently didn't force much of them to close, and since them, they increased again to about the same level. This leaves the door open to a massive squeeze witch, until that happens, I don't believe we have much space to the downside.