BTC intraday 4H

٦ يوليو ٢٠٢١

Bitcoin is currently trading around 33900 close below the 200MA in a rising wedge formation. A short squeeze due to highly negative funding rates seems not unlikely. Previous price action wasn't really exciting. It is not uncommon to get a fake-out on low volume in order to liquidate shorts before a significant move.
Bias: neutral/bearish