Brothers $BTC The short position of the pancake can be exited in batches!

$BTC First, looking at the hourly level, this wave has rebounded from 68800, and the overall structure is a fluctuating upward structure with higher lows and higher highs. Although there have been some bearish candles in between, they were quickly recovered, indicating strong support below and that the bullish rhythm has not been disrupted.
The current price has once again reached the previous high resistance area of 71300-72000, which is clearly a densely packed area of chips. The repeated upper shadow pullbacks indicate significant divergence.
Short-term candlesticks have shown two signals: first, after a continuous rise, the body has shrunk and entered a sideways phase, with weakened momentum;
second, multiple tests have not broken through, indicating that the selling pressure above is being continuously released. Overall, the market has entered a high-level consolidation phase of a rebound, rather than the initial stage of a rise. If the previous high cannot be quickly broken, the structure is more likely to turn into a fluctuating pullback.
In simple terms: the trend is strong, but the position is high, making the cost-effectiveness of chasing long positions low.
Today, one can lay out short positions relying on the key resistance above.

Bitcoin short positions can be set up near 71800-72000 (Bingtang is also holding a short position near 71800!)
#特朗普缓和局势