Short-term view of institutional positions GPBots #2

Hello everyone,

Welcome to another market analysis by GPBots! Today, we will present a probable scenario for Bitcoin, taking into account both operational and institutional aspects.

At the moment, Bitcoin is ranging between 31,000 and 29,000 dollars, which represents a Stop Loss area, indicating low liquidity. It is important to highlight that this context is crucial to understand the current landscape.

We observe a region of imbalance (Imbalance), which is extremely favorable for traders who are betting on a decline (short positions) to find unbalanced points of Bitcoin's supply, aiming for even lower levels.

Based on this information, we can conclude that buying Bitcoin at this time presents a disadvantage, considering the current price level. It is more recommended to wait for the position of institutions, which can push the price to lower levels, providing a more favorable setup for a potential purchase.

That's our analysis for the Bitcoin scenario. Stay tuned for further updates from GPBots and happy trading!

Thank you!
BTCUSDbtcusdanalysiscriptomonedascryptomarketFractalictSMCSupply and DemandSupport and Resistance

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