$BTC @A major surge—how many people want to short?
I’m not too eager to turn bearish here, because for now I don’t see any particularly large short positions.
Looking at the 4-hour chart, the volume expansion is clear, and bullish momentum has already picked up.
So this move isn’t just an emotion-driven pump: favorable SEC compliance news, expectations of U.S. Treasury buybacks, a short squeeze, and three consecutive days of net inflows into the BTC spot ETF are all contributing factors.
Here’s what I’m thinking:
The first target is around 73,200. If the bulls can remain strong, the next stop