7.7 BTC: Last night’s deep V — a double liquidation trap! The blonde drew lines and pumped the price

$BTC
Entry: around 641-645 stop loss: 650 watch 630-610

Last night’s move in BTC was so typical—an all-out “blonde-drawn-line” script that liquidated both longs and shorts. First, a single large bearish candle smashed down to 61297, wiping out all the long positions that bottom-fished at low levels; then it flipped into a violent V-reversal, and one big bullish candle pulled up to 64691. In one round, the rebound surged by over 3300 points, and the shorts that chased the selloff were buried halfway up the mountain. In just one night, it harvested both ways—there’s not a shred of room left for retail traders

Above 64500, it’s all selling pressure from trapped positions and profit-taking. Today, it’s impossible for price to keep rising in a straight line one-sidedly. Most likely, it will consolidate in a high range to digest the order flow. The core intraday idea is just one: sell into strength #Vitalik公布精简以太坊路线图