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#CryptoMarketMildlyRebounds
There is still a large liquidity pool at $95,000, which interestingly aligns with Deribit’s Options Max Pain.
However, in the short term, traders have been persistently entering longs. This suggests a good probability of price moving toward $95k and then dropping aggressively below $84k.
Alternatively, the opposite could happen: price may first move down to $84k and then rally quickly toward $95k.
One thing is certain: both bulls and bears are likely to be punished once again by the market.
Wishing everyone a Merry Christmas!
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$BTC