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There has been a nice movement in Bitcoin in recent hours. The liquidation of short positions continues, which is pushing the market upward. The recovery that started yesterday evening from around 71,000 is now around 74,000. Closing short positions worth $550 million seems to be the main reason for this rally.
Disasters, such rapid liquidations, usually create volatility. Whenever you look at the hour, market makers are very active in such movements. I saw especially an increase in volume this morning, which indicates that positions are still being closed.
If this momentum continues, 75,000 could be tested. But remember, profit-taking usually occurs after a short squeeze. Continuing to wait seems to be the most sensible approach right now.