After an eventless weekend of predictable low-volume trading, Bitcoin remains near the $6,700 line.
With short orders remaining at very high levels, some may be tempted to enter a position in anticipation of an impending short squeeze — but is that a smart move?

Take a Look at the Stochastic RSI
If a short squeeze is going to happen, one technical indicator suggests it might not happen before Bitcoin experiences at least a minor correction. The indicator in question is the Stochastic RSI, which combines the Stochastic Oscillator formula to a set of Relative Strength Index (RSI) values. In essence, it is a valuable (though imperfect) tool for measuring momentum.
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Dani P
Dani Polo is the co-founder of BeInCrypto, one of the most-read crypto media platforms globally. With a background in fintech and digital strategy, he has led its global expansion and business innovation. Recognized with multiple international awards, Dani combines technology, content, and automation to scale audiences in emerging financial markets.
Dani Polo is the co-founder of BeInCrypto, one of the most-read crypto media platforms globally. With a background in fintech and digital strategy, he has led its global expansion and business innovation. Recognized with multiple international awards, Dani combines technology, content, and automation to scale audiences in emerging financial markets.
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