This round of increase is not random fluctuation, but a typical resonance market transitioning from structural repair to trend reversal. After the price continuously declined to around 67300 in the early stage, the bearish momentum was significantly weakened, with the market showing signs of bottoming and higher lows, indicating that selling pressure has been released in phases and the market has entered a chip redistribution stage. When the price breaks above 69000 (the live streaming room also reminded everyone multiple times about this position ) this key resistance level is also the previous dense trading volume and technical watershed, triggering massive bearish stop losses and forced covering, forming an obvious short squeeze effect; at the same time, the breakout signal attracted trend capital and short-term capital to enter simultaneously, driving prices to accelerate upward.
BTC short-term 71000 to 71300 short, target 70000, ETH 2150 to 2200 short, target 2100#Gate13周年全球庆典
This round of increase is not random fluctuation, but a typical resonance market transitioning from structural repair to trend reversal. After the price continuously declined to around 67300 in the early stage, the bearish momentum was significantly weakened, with the market showing signs of bottoming and higher lows, indicating that selling pressure has been released in phases and the market has entered a chip redistribution stage. When the price breaks above 69000 (the live streaming room also reminded everyone multiple times about this position ) this key resistance level is also the previous dense trading volume and technical watershed, triggering massive bearish stop losses and forced covering, forming an obvious short squeeze effect; at the same time, the breakout signal attracted trend capital and short-term capital to enter simultaneously, driving prices to accelerate upward.
BTC short-term 71000 to 71300 short, target 70000, ETH 2150 to 2200 short, target 2100#Gate13周年全球庆典