$BTC bears have been screaming for $75K for two straight weeks. Bitcoin gave them exactly one wick down to $80K—then ripped their faces off.
Support held perfectly. Bullish cross just printed on the charts.
Now the bears are the ones about to get squeezed. Classic trap. The shorts are stacking up right as momentum flips bullish. This is how violent moves higher start—when everyone positioning for downside gets forced to cover at once.
If you were waiting for a dip, that wick was it. Next stop: pain for the bears and a squeeze that sends $BTC back toward recent highs. Watch for acceleration if we break above resistance with volume.
Support held perfectly. Bullish cross just printed on the charts.
Now the bears are the ones about to get squeezed. Classic trap. The shorts are stacking up right as momentum flips bullish. This is how violent moves higher start—when everyone positioning for downside gets forced to cover at once.
If you were waiting for a dip, that wick was it. Next stop: pain for the bears and a squeeze that sends $BTC back toward recent highs. Watch for acceleration if we break above resistance with volume.