#BTC The current value is just one step away from the 85k previous trading concentration zone. Institutional short squeezing does exist, but the entire rebound has been shrinking in volume. I remain skeptical about whether it can absorb the high-level backlog.

If this wave can continue to increase in volume, break through 83k, the rebound will extend to 85k; if volume surges and encounters resistance then falls back, forming a long upper shadow or a real body bearish candle on the daily chart, a sign of stagnation will be confirmed, and the price is likely to return to a sideways downward channel. During the day, reduce long positions with stop-loss set, and the support below is first placed at the transition zone between 78,888 and 78,000.