The more short sellers fear liquidation, the more likely they are to add fuel to BTC’s rally. Put simply, short sellers who can’t hold on have to buy back to close their positions, and that potential buying pressure is the main support behind this move higher. BTC is currently at 83039.5, up 0.30% over 24 hours—a modest gain. Buying by wealthy investors is providing some support, but advisers remain cautious, so take the enthusiasm with a grain of salt. 👀 Resistance is at 83230.7, while 82723.7 is the first level to watch for support. Honestly, the news and the trend aren’t aligned yet, so for now I’ll stay on the sidelines rather than bet on a direction.
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