📉📊 $BTC is it recovering or still in "pain"? – Quick and easy summary
After a series of continuous dumps that made traders "lose faith in bottom fishing", BTC has swept the deep tail in the 80.xxx range and has shaken off a few more times. Based on offchain data & heatmap, it is likely that this is a temporary bottom.
🔍 Notable points:
The Long position at 81–82k has almost been closed → pressure from Long bottom fishing is decreasing.
New Longs opened around 83k but are still weak, not creating strong momentum.
Shorts were swept at 85k8 & 86k3, currently accumulating a lot above 87k+ → if the price pushes up, a squeeze on Shorts may occur.
👉 Cheerful conclusion: BTC is in a sensitive zone, with the possibility of a technical rebound but still not enough basis to "celebrate early". Traders should observe reactions around major Short zones.
😄 This article is for reference. If you enter a trade just because you see "purple is FOMO" then your wallet will cry, and the chart will laugh – I am not responsible for that!
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