Greeks.live: Bitcoin bullish sentiment remains strong, short-term pullback possible

TechFlow news, May 22 — Greeks.live released a community briefing stating that the overall market maintains a bullish trend, with expectations for Bitcoin to continue rising. Key support is at $110,000, short-term target at $120,000, and long-term targets between $150,000 and $200,000. Analysts anticipate a potential pullback to the $100,000–$103,000 range before reaching new highs. Notably, negative funding rates indicate a significant number of remaining short positions, which could trigger a short squeeze and further drive prices upward. Meanwhile, Ethereum has shown relative weakness, failing to follow Bitcoin in reaching new highs, with a target price of $3,000. Reports suggest that Ethereum whales have become more cautious about selling call options following recent market volatility.