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Joao Wedson

06/17 04:59

Bitcoin whales have reduced the short pressure against retail traders.

But the chart is still red, meaning whales still show more interest in shorts or closing longs, while retail traders continue to prefer long positions.

So staying patient and waiting a little longer may still be a good strategy.

Here is the daily chart for a long-term view, along with the hourly chart to see what is happening intraday.


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