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#BTC This wave of market liquidation saw 70% of the short sellers wiped out, approximately $1.32 billion. The big bullish candle at the end of the month is essentially a precise emotional harvest.
When most people generally believe that the final trend of this range will replicate the last waterfall, and the end of the month delivers benefits to the short sellers.
The main force accurately captured the concentrated bets of the bears, stepping on the "shorts"’ corpses to complete this short squeeze rally, while testing the key resistance at 80,500.
There are currently 8 trading days left in the monthly chart, and 4 days to close the weekly chart.
From the chart’s structure, the bullish trend is complete and clear, with prices rising step by step along the upward channel, showing no signs of breaking down or falling sharply. The oscillating upward rhythm is obvious.
The market is simple and straightforward, no need for over-interpretation.
Next, avoid guessing the top, avoid fighting the market, sense market sentiment, strictly
execute take-profit and stop-loss, and make correct trading actions.