It’s time for a major short squeeze across global markets, which, in our view, could last until May
While crypto still shows limited upside on higher timeframes,
the stock market is going through absolute madness
Global indices have fully recovered recent losses within weeks and are already trading near all-time highs
👉 We may even see new ATHs, as there is still a large amount of short liquidity above
Let’s now take a look at the crypto market using Bitcoin as an example:
1️⃣ Weekly timeframe
On the higher timeframe, the structure remains bearish
• price is moving inside a global descending channel
• currently testing the upper boundary
• trading below MA200
• each bounce is weaker than the previous one
• no bullish divergence on indicators
In theory: If shorts are still present in the market,
we could see a fake breakout toward $85K, where a bearish retest of the MA200 may form 💡
For that, price needs to break above $77.8K
Until that happens — the bias remains bearish, especially near the top of the channel
2️⃣ Daily timeframe
On the daily chart, price is moving inside a mid-term ascending channel
• price is near the upper boundary
• volume is decreasing as price rises
• indicators are close to overbought
• price action looks more like consolidation
If you look closely: The structure resembles a large bearish flag 🐻
The market is basically saying: stay cautious
3️⃣ 4H timeframe
On the lower timeframe, we currently have a local uptrend
• price is moving inside a rising channel
• forming higher highs
• still has short-term upside potential
However: There is a strong bearish divergence and volume has increased significantly ⚠️
This suggests one thing:
The move up is driven mainly by short liquidations, not real spot demand
📊 Conclusion:
The market looks strong locally, but remains weak globally
As long as BTC trades below $78K, it’s too early to talk about any trend reversal
Base scenario: growth → false hope → continuation lower 💡
While crypto still shows limited upside on higher timeframes,
the stock market is going through absolute madness
Global indices have fully recovered recent losses within weeks and are already trading near all-time highs
👉 We may even see new ATHs, as there is still a large amount of short liquidity above
Let’s now take a look at the crypto market using Bitcoin as an example:
1️⃣ Weekly timeframe
On the higher timeframe, the structure remains bearish
• price is moving inside a global descending channel
• currently testing the upper boundary
• trading below MA200
• each bounce is weaker than the previous one
• no bullish divergence on indicators
In theory: If shorts are still present in the market,
we could see a fake breakout toward $85K, where a bearish retest of the MA200 may form 💡
For that, price needs to break above $77.8K
Until that happens — the bias remains bearish, especially near the top of the channel
2️⃣ Daily timeframe
On the daily chart, price is moving inside a mid-term ascending channel
• price is near the upper boundary
• volume is decreasing as price rises
• indicators are close to overbought
• price action looks more like consolidation
If you look closely: The structure resembles a large bearish flag 🐻
The market is basically saying: stay cautious
3️⃣ 4H timeframe
On the lower timeframe, we currently have a local uptrend
• price is moving inside a rising channel
• forming higher highs
• still has short-term upside potential
However: There is a strong bearish divergence and volume has increased significantly ⚠️
This suggests one thing:
The move up is driven mainly by short liquidations, not real spot demand
📊 Conclusion:
The market looks strong locally, but remains weak globally
As long as BTC trades below $78K, it’s too early to talk about any trend reversal
Base scenario: growth → false hope → continuation lower 💡
🤟 Enjoyed this post and want more like it?
✔️ Then join my Telegram
👉 t.me/+1v6UHltC22xlMDdi
_ _ _ _ _
💰 I trade on the BingX 👉 bingx.com/en/partner/cassiustrade
🎁 Welcome bonus up to $10,800 + trading fee discounts
✔️ Then join my Telegram
👉 t.me/+1v6UHltC22xlMDdi
_ _ _ _ _
💰 I trade on the BingX 👉 bingx.com/en/partner/cassiustrade
🎁 Welcome bonus up to $10,800 + trading fee discounts
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🤟 Enjoyed this post and want more like it?
✔️ Then join my Telegram
👉 t.me/+1v6UHltC22xlMDdi
_ _ _ _ _
💰 I trade on the BingX 👉 bingx.com/en/partner/cassiustrade
🎁 Welcome bonus up to $10,800 + trading fee discounts
✔️ Then join my Telegram
👉 t.me/+1v6UHltC22xlMDdi
_ _ _ _ _
💰 I trade on the BingX 👉 bingx.com/en/partner/cassiustrade
🎁 Welcome bonus up to $10,800 + trading fee discounts
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.