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There’s currently a BIG WARNING SIGN for $BTC on the low timeframes.
Over the past couple of days, we’ve seen shorts getting liquidated, which has resulted in funding rates SKYROCKETING over the past 24 hours.
This means that market makers can now start going after the longs again.
Because of this, I believe the consolidation phase is likely to continue over the next couple of days before we see a larger directional move out of this range.