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Namsir
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BTC has climbed back above 80,000, rising quite enthusiastically, but what I'm watching isn't the price, it's the volume — this rally has almost no volume, it's all fuel from shorts being forced to cover.
wesley教授
$BTC has climbed back above 80,000, rising quite enthusiastically, but what I'm watching isn't the price, it's the volume — this rally has almost no volume, it's all fuel from shorts being forced to cover. The parabolic move has reached this point, 4-hour overbought, momentum starting to fade, the most dangerous are those rushing in now to catch the last leg. The essence of a short squeeze is "no real buying, only forced covering," and once the fuel burns out, the true nature is revealed. I won't blindly chase shorts now; that's looking for a spike to get stopped out; but I also definitely won't chase longs here to be the bag holder. The short-seller's patience is to wait for it to finish this move on its own, waiting for a 4-hour candle close down to confirm. Are you waiting for exhaustion, or betting on perpetual motion?
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