Bitcoin is currently making a directional choice at 70500-72500. If it holds support around 70500 and breaks through to establish above 72500, it will continue the short-squeeze momentum, targeting the 60-day moving average at the daily level, currently around 77000. However, if it fails to hold 72500 and forms a bottom at this level, the market will show weakness and enter a deep pullback, gradually testing key support levels at 69000, or even potentially dropping directly to around 65900.
#比特币 This is a box-style short squeeze breakout with a gap fill market action, very challenging. Try to have more gaps, and don't short lightly if bearish.