On-ChainNoTeeth

#比特币 Based on the current market situation, the trend is centered around supporting at 69,000. First, a corresponding bullish divergence appears above 70,000, then a violent move downward to test the support around 69,000. If effective, it will quickly rebound to around 72,000... If this effect can be achieved, it is basically confirmed that 69,000 will serve as the support.

#比特币 73000 entangle for a while, then choose to go downward, temporarily predicting the direct target point range as 68000-68500, and then observe the divergence situation before deciding whether to maintain the upward trend at the 67300 limit boundary? $BTC

#比特币 The current short squeeze situation remains unchanged, the breakout effect has been achieved, but it has not sustained above 73,000, and there hasn't been enough time to form a breakout wave. After the breakout, it quickly returned to hover around 73,000, entangled in sideways trading, with the short-term market showing weakness and top divergence. The direction remains unclear.

The current situation is that the short squeeze trend remains unchanged, and upward breakthrough needs to be maintained. It is necessary to stay above 73,000, then intervene at 72,800; otherwise, it may be suppressed at this level, and a decline could potentially reach 67,000-67,500.

#比特币 This is a short squeeze situation, with a downward validation of the key gap, directly breaking new highs. Currently, the level maintaining this short squeeze gap is around 70,900.

#比特币 After Bitcoin broke through 71,700 and then lost the level, a pullback is likely. There are two key support points for the pullback: 68,300 and 67,300. If 68,300 can hold and maintain the left-right-shoulder breakout stance, then a pullback to around 67,300 is the extreme limit position for keeping the upward trend. To maintain the upward trend, in theory it must not break below 67,000. And since Bitcoin’s common pattern is to attack integer levels but it failed to push through to points like 75,000, a pullback to 67,000 to test and validate support is likely as well—this also represents

$BTC Breaking breakout trend, starting at 68,000-68,500. Currently breaking down + forming a head; it is highly likely to either get heavily hammered or quietly grind lower back to the starting wave area of 68,000---68,500. Then it will range around the 68,000--70,300 breakout wave.

#加密市场行情震荡 Bitcoin is experiencing a high-level resonance market, and short squeezing is currently the main trend. The current market boundary maintaining this situation is between 68,000 and 68,500. The overall direction is a recovery rebound, with a target of 10,000U and breaking through the 90-day moving average. Short-term risks are high, so participating in long positions within this short squeeze boundary aligns with the main trend.