key points:

• The shorts looked prime to get out, arguing the analysis, with a long -term resistance tendency line in the focus.

• The fed chair is due to Geom Powell replacement, causing a hyper-bullish bets on the risk property.

Bitcoin (BTC) On June 30, after the Wall Street Open, $ 107,000 was diverted, as the analysis was a major new “short squez”.

BTC price crunch closes liquidity in the candle

data from Cointelegraph Market Pro And Tradingview Reverse the BTC/USD made at the weekly close a day at the time of writing, below 1.1%.

With hours until the monthly and quarterly shutdown, traders were expecting instability, while the exchange order-book liquidity increased.

The trading firm QCP Capital told the telegram channel customers in its latest bulletin, “With the BTC spot moving towards $ 108k, we are starting to see a build-up in leveraged longs as trading funding rates flip from the flat to major exchanges.”

“Positioning is chasing the move, as the participants bend in directional stakes before quarter-ends.”

Discussing potential BTC price reactions, the popular ex -trading account Thekingisher favored the shorts that felt the heat – something that would only be with a minor reverse.

“Below us, a cluster of long LIQs around 106k-107k. Part of a post Complain with cross-access liquidity data.

“This is a strong magnet. The short squeeze can be cruel if the price pushes through 107.5k.”

Constant, popular traders and analyst Rekt Capital gave mixed news for Bulls. BTC/USD, now faced an important final resistance to opening the door for price search.

“After launching from this local green region of support … the price is now pulling back to another Retest in this area,” he couple About the daily chart.

“The continuous stability here will enable another challenge of the main downtrend dating at the end of May (Black).”

Fed’s Powell replacement can trigger “one of the biggest runs” for stock

Ahead of a quiet four -day traditional week in the US, Bulish Crypto Cues still became thick and faster that day.

Connected: Record q2, monthly off next? 5 things to learn in bitcoin this week

The recommendation of 40% crypto allocation by Rick Edelman, the founder of the $ 300 billion fund Edelman Financial Services, is combined with the news that Washington was looking for a replacement for Jerome Powell, president of the Federal Reserve.

As Coincidence reportPowells continue to public criticism to deny lower interest rates from US President Donald Trump, later demanding that they fall from the current 4.25% to just 1%.

“If the new fed chair actually cuts rates by 1%, Predictive The same day.

“There has never been a time in history, where Fed has cut 1% at high levels with stock market and home prices at all times.”

There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.