The price is bouncing back and forth between 2300 and 2380, in both directions. But this isn't calm waters; it's the lull before the storm! The latest price is around 2355, right in the middle. The first hurdle upward is 2380; if it breaks through, the next target is around 2470.

Why do I say 2470? Because that's where a bunch of short orders waiting to be liquidated are stacked up; when the price hits that level, it will automatically help them close their positions. These liquidations will, in turn, push the price upward like a rocket—that's short squeeze, super exciting!
Conversely, if the price drops and breaks below the 2300 support, the next target is 2220.
That's where a bunch of unlucky long positions are piled up; when the price touches that level, they'll all be forced to liquidate simultaneously, pushing the price down like a bulldozer, creating a stampede.
So, do you understand now?
Right now, the price is swinging between these two explosive zones, only 5%-6% away from each danger zone.
Market sentiment is like walking a tightrope—tense and nerve-wracking.