Binance
The sell pressure of bitcoin is gradually reducing and,there might be a need to close all short trades taking profit and may be close position for the main time between $19.5-6k zone to see what happens in recent time carefully.
The major reason is because there has been a series counter buying pressure beginning to develop on BTC around this zone and looking at this area is a all time support zone for a bull market reversal be it mini or global, to start forcing short squeezing as the general market sentiments is now bearish.
Hence price might bounce and really nice sharply if $19.5k zone support holds well on the 4hr Time frame as the market forms and inverse head and shoulders pattern on the 30mins and 1hr TFs properly. There is definitely going to a short squeeze,bulls are getting real steady in as there a low downward pressure by sellers too move the price Down.
