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Big pancake dips after a spike; on the hourly chart, there have been six consecutive bearish candles, with price falling below the 63k threshold. There is still room for a short-term pullback below.
With the continuous rally during the weekend and Monday morning, the lower liquidity has been flushed out and positions have been cleared. Next, those holding high-level shorts can reduce their positions and look toward the 61.8k–62.3k area. $BTC