BTC Big Coin Short-term Reached a Game Theory Point

This is a position that could go either way, but why am I inclined to linger here a bit longer and continue pushing upward to liquidate shorts?

Because ①the center of gravity of the K-line is continuously moving upward, ②the downward force from 73900 is too weak; so treating the retest dip and rally from 70000 to now as a continuation of the uptrend starting from 65600 is more appropriate.

As of now, the most critical level for BTC is 74000 USD.

If the 74 level slowly breaks through, it will likely go back to 76-78-79 range, anything higher is not visible for now. There are 2 reasons:

First, there aren't many liquidations above,

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

The bottom range is formed by buying, not by speculation. It's the crazy accumulation of trading volume, and finally the bears who have no chips to smash begin the market reversal!

But currently: the bottom timeframe is only about 1.5 months, not enough chip accumulation has formed yet. ETF funds are intermittent, BlackRock is trapped in its own crisis. If even the big brother isn't stable, how can the market take off?

So the macro operation strategy should be: accumulate at the bottom, hedge at key resistance levels.

Remember 74000 this critical level. If it hasn't broken through after three attempts, a rapid downtrend will be triggered, accelerating market panic, liquidating a wave of long contracts. Institutions know this, exchanges know this, hedge funds know this, CME institutions know this even more. BTC definitely has many people with accumulated long positions now. Before a major rally, there must be a liquidation wave first, then comes the uptrend. At least BTC's performance over the past 6 years has been like this.

Remember: don't become a retail victim just when the smart money is crystal clear!