The recent acceleration in BTC within the day has liquidated all the chips near the new high. This move may also be driven by a short squeeze after a burst of short positions, as most short traders set their stop-loss levels near the previous high. Now that it has broken through directly, it has triggered a short squeeze market. Next, we need to watch the upper boundary around 79,500.

BTC2,16%
View Original
post-image
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
  • Pin