BaroVirtual
A Short Squeeze: BTC Volatility Index
Continuing the conversation about a local respite in the form of a short squeeze to the level of $46,000-47,000, the Bitcoin Volatility Index indicates that it will allow destroying the uncertain (weak) shortists, and then return to the downward movement and test the strength of the reached bottoms. It could also be a qualitative retest of the neckline within the previously mentioned big bearish H&S with downside targets of $29,000-25,000 and a more global target of $18,000-16,000. P. S. This is just an idea that will require further confirmation!