BTC is currently in an interesting zone to watch.


After successfully breaking through $80,000 a few days ago — the long-awaited psychological level — the price is now consolidating around $88,000.
Technically interesting: the MA stack remains bullish (MA-7, MA-14, MA-30 are neatly stacked from bottom to top), but RSI is approaching 69 — nearly overbought.
Long/short data also speaks volumes. The short position is still very dominant, 65% vs 35% long.
From a contrarian perspective, this could actually fuel a short squeeze if the price stays at this level.
As long as there is no decisive daily close below the nearest support, my bias remains cautiously bullish — but wary of a fakeout upward before a correction.
Not financial advice. DYOR.

#GateSquareMayTradingShare
BTC0.64%
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