Key Takeaways
- Bitcoin and Ethereum have declined by more than 8% over the past 48 hours.
- One technical indicator suggests that both assets could soon rebound.
- Still, the high optimism levels among traders suggests that a short squeeze could be approaching.
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Bitcoin and Ethereum have reached vital support levels, collecting enough liquidity for a potential rebound. However, from a long-term perspective, a long-squeeze appears to be underway.
Bitcoin, Ethereum on…
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