BTC Pancakes Short-term to Another Gaming Point

This is a position that can go either up or down, but why do I lean towards hesitating here and continue going up to liquidate shorts?

Because ① the center of gravity of the K-line is constantly moving upwards, ② the downward force from 739 is too small; so treating the retracement to 70k and then rising to now as a continuation of the uptrend starting from 656 is more appropriate.

As of now, BTC's most critical position is 74000 USD

If the 74 position slowly breaks through, there's a high probability of going back to 76-78-79 positions, for higher prices, we can't see them for now. There are 2 reasons:

First, there aren't many liquidations above,

Second, the resistance at 78-79 is too strong, hard to break through in the short term

The bottom range is: bought out, not guessed by everyone. It's the crazy accumulation of trading volume, ultimately the shorts with no chips to smash in hand started the trend reversal!

But currently: the bottom time is only about 1.5 months, hasn't yet formed enough chip accumulation, ETF funds are sporadic, BlackRock itself is in crisis, even the big brother isn't stable, so how can the market take off?

So the operation for larger timeframes should be: accumulate at the bottom, hedge at key resistance positions

Everyone remember this critical position at 74k, if it hasn't broken through even after three attempts, then it will open a wave of rapid decline, accelerate market panic, liquidate a batch of long positions' contracts, institutions know it clearly, exchanges know it clearly, hedge funds know it clearly, CME institutions know it even more clearly. BTC currently must have accumulated many long positions by many people, before a big trend comes there must be a wave of liquidation, then comes the rise, at least BTC's trend in the past 6 years has been like this

Remember: don't become retail when smart money is already very clear about it!