$BTC
After hitting the downward trend line connecting recent highs and the EMA (99) price of 27350.53 US dollars, the overall downward momentum of the pullback has slowed down. To maintain the original view, it needs to hit the upper track of the downward trend channel or even falsely. A breakthrough short-squeeze market has appeared. The current short-side liquidation price is 26,800 and 27,300. The long-side positions will be cleared before the short-side positions are cleared.
The limit of short squeeze may be around 28200-29100 (red box)
After hitting the downward trend line connecting recent highs and the EMA (99) price of 27350.53 US dollars, the overall downward momentum of the pullback has slowed down. To maintain the original view, it needs to hit the upper track of the downward trend channel or even falsely. A breakthrough short-squeeze market has appeared. The current short-side liquidation price is 26,800 and 27,300. The long-side positions will be cleared before the short-side positions are cleared.
The limit of short squeeze may be around 28200-29100 (red box)
