BTC surged 0.95% in 15 minutes: technical rebound or short trap?



At 4:00 AM, BTC rose from $59,478 to $60,128, a 0.95% rebound in 15 minutes. It doesn't sound like much, but at this level, any green candle can stir emotions.

The previous day, the price dropped to $58,995, a new low since October 2024. A bounce after being oversold is technically reasonable.

A few data points worth watching:

From June 25 to 26, 82% of long positions were forcibly liquidated. After high-leverage longs were cleared, short covering demand combined with dip buying formed a short-term balance at the $60k level. This is not a long counterattack; it's shorts closing the net.

The 15-minute rebound's volume is not outstanding; for now, it can only be classified as technical repair. Whether it can sustain depends on whether follow-through buying appears.$BTC #BTC下探60000美元关键关口
BTC-2.32%
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GateUser-eb706989
· Just Now
82%多头被平之后来这么一下,空头平仓+抄底资金共振,持续性存疑,先看60000能不能站稳
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GateUser-9187acf1
· 16m ago
The bulls and bears are both tense at this level. One bullish candle doesn't mean much. Wait until the daily close.
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DeltaSmile
· 30m ago
Volume hasn't caught up; it's likely a technical bounce. Don't rush to go long.
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SlippageSailor
· 2h ago
Pump at 4 AM, those who know, know.
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