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Monday's 5% movement in Bitcoin was interesting. It was not driven by new buyers, but by short positions closing, resulting in a rally. It seems like short liquidation sequences in the market triggered this.
In such movements, price increases without genuine buying pressure are common. Short position closures create sudden rallies, but they are not sustainable. To understand the true direction of the market, it is necessary to look at the dynamics between buyers and sellers.
This kind of movement could only be a technical rebound. Worth monitoring.