$BTC Bitcoin these past two days jumped from around 76,000 up to about 81,000 in one big push. With a move this strong, it really does make sense that a pullback could happen.
The main reason is that the short sellers were liquidated in large numbers, and the forced short squeeze pushed the price up hard. On top of that, U.S. spot ETF funds have been flowing in again, which also provides some support on the spot market.
Right now, the key levels everyone is watching are in the 83,000 to 86,000 zone. If price can hold above that range, the probability of continuing higher becomes higher. If it can’t break through, in the short term it may need to pull back and consolidate first.
The quality of this rebound is fairly decent, but liquidity over the weekend is usually thin. What matters most is the fund flows after the market opens on Monday.
#比特币突破8万美元大关
The main reason is that the short sellers were liquidated in large numbers, and the forced short squeeze pushed the price up hard. On top of that, U.S. spot ETF funds have been flowing in again, which also provides some support on the spot market.
Right now, the key levels everyone is watching are in the 83,000 to 86,000 zone. If price can hold above that range, the probability of continuing higher becomes higher. If it can’t break through, in the short term it may need to pull back and consolidate first.
The quality of this rebound is fairly decent, but liquidity over the weekend is usually thin. What matters most is the fund flows after the market opens on Monday.
#比特币突破8万美元大关