🤔Traders in a Double Bind: Bitcoin's Rocky Road

Traders are facing a double bind with Bitcoin's price hovering near resistance at $62.

🎬Scenario 1: Short Squeeze? If market makers push the "sell-off" narrative and increase short positions at $62, a price correction could see Bitcoin dip to $56.

🎬Scenario 2: Long Squeeze? Alternatively, if the focus shifts to "longing" at the perceived support of $60, a surge could push the price up to $66.

⁉️The Dilemma:

The key question remains - which way will the wind blow?

With conflicting signals, traders are stuck between potentially losing on short positions or missing out on potential gains.

The coming days will be crucial in determining Bitcoin's next move. Keep a close eye on market movements and adjust your strategies accordingly.$BTC #Bitcoin #NFA