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It's exploded! $BTC $66k has become the new bottom, and the bears are lining up to jump off the rooftop!
"The biggest risk in a bull market isn't prices being too high, but that you still hold short positions!" This is the most real-time BTC market situation right now.
Technical analysis: Looking at the 1-hour chart, this trend simply can't be stopped, with a relentless push above $66,000. Although the chart already shows "overbought," indicating the rapid rise might pause for a breather, the momentum is still strong. Don't try to guess the top; anyone who does will get buried.
Funding perspective: The liquidation map is the best proof. Currently, there are fewer long leverage positions above the price, but a mountain of long leverage positions below. As soon as the main force slightly shakes the market, it can trigger a chain of liquidations, which is called "killing with a heart."
News: The US and Iran have reached an agreement, the most important oil route in the Middle East is open, and oil prices have plummeted. Funds previously parked in safe-haven assets are now flowing back into the market, flooding in and directly pushing BTC higher.
Trading suggestions: For longs: around 66,000-66,500, target near 70,000-71,000 For shorts: around 71,000-71,500
The bears' bones are not yet cold, and the bulls are in the midst of a feast. How far can this emotion-driven crazy bull run go? Where is tonight's defense line? Leave your thoughts in the comments.