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Although Bitcoin is testing the $78,000 mark, it seems that a dominant short position squeeze is putting pressure on the market. Currently approaching $81,000 but facing resistance at these levels. The risk of a short squeeze is increasing, and there is some movement in the market. Meanwhile, altcoins are making a nice rally, as funds flow into alts with Bitcoin stabilizing. Liquidation levels are notable points to watch. If these dynamics continue, prices could go higher, but if the short squeeze becomes too aggressive, volatility may increase. Continued observation is necessary.