Going on with the theme of the short squeeze;
We now see a W formation at the lows on 5 min time frame as well as 15 min. There is also the W formation on the higher daily timeframe and weekly.
Also notice how we hit a round number at the bottom there, that's the market makers orders usually. Now pump it up!
Continuing with the theme of the previous publication, when a large number of shorts come in bitcoin market makers tend to squeeze them, the same as with longs. This is how the "liquidity providers"/"market makers" make their money. This is in essence, the business model.
Anyway, as we are quite low already price-wise it seems a bit mad shorting here. As well as...