This is why I closed my short position... After reclaiming the support level at $75.3K, the price pulled back to the Fibonacci golden pocket area, and then a strong rebound appeared. Given the recent gap on the Chicago Mercantile Exchange and the good liquidity above, this move was fully foreseeable as fuel for another short squeeze. Although the price later swept through the high, it was unable to keep pushing higher and ultimately fell back below that level. Now, the interesting part is whether speculators will once again actively open short positions, giving market makers yet another reason to push the price higher, or whether short fatigue and attention will shift to downside liquidity. BTCUSDT $78,240.2 +3.22%