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53% Of Binance Traders Are Shorting Bitcoin – What Does This Mean For Price Action?

  • Bitcoin is currently holding above $66,000 and facing resistance at $69,000.
  • Over 53% of futures traders on Binance are shorting BTC, indicating indecision in the market.
  • Spot investors might take advantage of the dip and start buying Bitcoin, reversing the bearish sentiment.
  • BTC's price level at $66,000 will likely determine its direction, with $64,000 as the next target if it fails to hold.

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