$PEPE 415 Right shoulder, this steady decline and retracement, a straight move up. Bitcoin is consolidating in a range, and it seems like a key breakdown is needed to stabilize.
#比特币# This market is quite frustrating, testing the bottom each time, failing each time it breaks. Then it suddenly pushes up to the resistance level, and with a little caution, you might get trapped.
#比特币# This market is quite frustrating, testing the bottom each time, failing each time it breaks. Then it suddenly pushes up to the resistance level, and with a little caution, you might get trapped.
#比特币# This market is quite frustrating, testing the bottom each time, failing each time it breaks. Then it suddenly pushes up to the resistance level, and with a little caution, you might get trapped.
#比特币# This market is quite frustrating, testing the bottom each time, failing each time it breaks. Then it suddenly pushes up to the resistance level, and with a little caution, you might get trapped.
#BTC The international situation is unstable, but Bitcoin remains as steady as a rock. The market data just doesn't provide a clear directional signal📶. It's not breaking above or below. A doji is needed to attempt a breakthrough on one side first, to give a signal.
No clear pullback signal has been given, maintaining the continued short squeeze situation. A short squeeze is highly probable, breaking the previous high, with a pullback signal at the arch. For reference, a bearish outlook needs to adjust based on the breakout situation.
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This short squeeze has been very aggressive, breaking through 92000, which has become the first support level for the top sideways movement. So far, 92000 has become the support level maintaining the top trading range. The next step is whether to break 92000 and reverse to crash down to 87000, or to continue the short squeeze and push up to around 97000. It is crucial for the market data to provide a signal. Participating after a complete signal appears on the right side is very important. The left-side levels can be referenced, but the participation risk is high.
Currently, the situation of Bitcoin is a short squeeze, with the key support level to maintain the short squeeze being 86650. As long as this level does not break deeply, the short squeeze rising trend will be maintained. A long wick candle down to the level, turning around and breaking the previous high, is a key factor in maintaining the short squeeze situation. The extreme reference pressure point for the short squeeze is around 92000.
Currently, there is a short squeeze situation, with a long wick candle downwards, reaching the previous highest point and breaking through. The rhythm is crucial, with the boundary for the long wick candle at 86650. For now, it can be contained around 87000, and the sign for the reversal pullback to be established requires a deep break below this level.
At present, Bitcoin is supported by about 83,000, does not break the 83,000 support point, and stompes to verify 83,250, which is the best point to intervene, very safe, even if it is broken, it can be withdrawn around 84,500, and it continues to be shorted without breaking. Attack about 87,500, which is the first pressure point, and the limit point is around 92,000.