According to CrypNuevo, market sentiment for Bitcoin has improved following the short liquidations at $87.1k. This change presents a potential opportunity for market makers to induce volatility again. A potential pullback is anticipated over the next 1-2 weeks as the market might retrace its recent recovery.

According to CrypNuevo, the market is experiencing a low time frame (LTF) short squeeze characterized by an aggressive upward movement targeting short liquidations. The liquidations delta was previously unbalanced, necessitating a reset to neutral, which this upward move is achieving.