#TradfiTradingChallenge ๐๐ˆ๐“๐‚๐Ž๐ˆ๐ ๐‰๐”๐’๐“ ๐‘๐„๐‚๐‹๐€๐ˆ๐Œ๐„๐ƒ $๐Ÿ•๐Ÿ–๐Š โš ๏ธ๐Ÿ‹


$BTC pushed back above the important $78,000 level today, but there is one thing traders are watching closely:
๐Ÿ“Š Spot demand still looks relatively weak.
Current situation:
๐Ÿ”ถ Bitcoin reclaimed a key short-term resistance zone
๐Ÿ”ถ Short liquidations are adding fuel to the move
๐Ÿ”ถ Price can still squeeze higher despite weak spot buying
๐Ÿ”ถ The $79.5Kโ€“$80K area is becoming an important zone
Possible scenarios:
๐Ÿ“ˆ Short squeeze continues โ†’ move toward $79.5Kโ€“$80K
๐Ÿ“‰ Weak spot demand persists โ†’ higher probability of rejection and continuation lower
What matters most:
โš ๏ธ Sustainable rallies usually need real spot buyers.
Without strong spot demand, moves can become heavily driven by leverage and liquidations.
๐“๐ซ๐š๐๐ข๐ง๐  ๐‡๐ž๐ข๐ ๐ก๐ญ๐ฌ ๐•๐ž๐ซ๐๐ข๐œ๐ญ:
๐Ÿ‚ Bulls reclaimed momentum short term.
โš ๏ธ But if spot buyers do not step in, the market could simply be setting up another liquidity trap.
$BTC #GateSquareMayTradingShare
BTC-0.39%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned