Is the cow still there? Bitcoin is at a critical point, will the next move be a short squeeze or a long liquidation?
Short-term risks outweigh opportunities, and the likelihood of a downward move is higher. This is not a wild guess; the market signals are very clear. There are three key points to watch. The price is stuck at 66,300. Above, the ceiling at 68,000 is pressing down, and funds dare not push through. Below, if the floor at 65,500 collapses, it could very likely trigger a chain reaction of crashes.
The liquidation heatmap has revealed the secret; this map is the battlefield of longs and shorts. The area above 68,000-69,200 is filled with shorts' explosives, but the bulls simply do not have the ability to ignite them. On the contrary, the area below 63,300-65,000 is a minefield for the bulls, with dense stop-loss orders like a thin layer of ice. Right now, we are closer to the thin ice than to the explosives; would you say it's dangerous?
Don't forget, it is now 2026. The old story of Bitcoin halving is over; everything now depends on the global central banks' sentiments and the movements of large ETF funds. Any sudden news could instantly rewrite the technical landscape.
My personal trading advice: I am currently very cautious, choosing to watch more and act less. Specifically, there are two strategies: wait, the market will choose a direction. Either break through 68,000 with strong volume, and I will consider following up with a long; or if it breaks below 65,500, the trend will turn bearish. Until then, doing nothing is the best action.
Based on my bearish judgment, I would rather wait for the price to rebound to around 67,500-68,000 to try a light short, or wait until it really breaks below 65,500 to chase a short. I will absolutely not try to catch a bottom at this position. This is for reference only.
Brothers, a strong coin that can explode to 10 times profit is here; I will prepare for a big wave in the upcoming market. This time, successfully going all in will definitely fill our pockets. Want to witness 上聊天室.
