$BTC Market Analysis
Yesterday’s big cake moved exactly as expected, first rising sharply and reaching a high of 79,569. The momentum was even stronger than anticipated. But it didn’t hold for long and began to fall back. The short positions near 78.2K are now already down by about 1,000 dollars.
After pushing to 79,569, it failed to stay up, indicating that sell pressure in the 79K area is still present. If your short positions are already in profit, don’t get greedy—set take-profit/stop protection first to prevent another round of back-and-forth sweeping.
This kind of market is all about grinding between long and short: it rises a bit, then gets smashed, and then rises again—chasing both ends is the easiest way to get hit. Unless the price breaks and holds above 80K, you still need to keep an eye on 76K from the downside.
If 76K breaks, then watch 74.8K next.
Yesterday’s big cake moved exactly as expected, first rising sharply and reaching a high of 79,569. The momentum was even stronger than anticipated. But it didn’t hold for long and began to fall back. The short positions near 78.2K are now already down by about 1,000 dollars.
After pushing to 79,569, it failed to stay up, indicating that sell pressure in the 79K area is still present. If your short positions are already in profit, don’t get greedy—set take-profit/stop protection first to prevent another round of back-and-forth sweeping.
This kind of market is all about grinding between long and short: it rises a bit, then gets smashed, and then rises again—chasing both ends is the easiest way to get hit. Unless the price breaks and holds above 80K, you still need to keep an eye on 76K from the downside.
If 76K breaks, then watch 74.8K next.
