Caracal2022-01-07

It is only natural to test liquidation lows

Bitcoin tends to test liquidation lows to clear out longs entered at reaction from the first capitulation. In May crash, liquidation lows are tested twice. Now we are testing capitulation low. Funding rates are still in a fear zone. More people shorting here filling bids of the whales. We should see a more highs consolidating sideways or starting a mark up.