Classic short-covering scenario shorts closed and become forced longs. But once shorts are closed as fuel and spot demand isn’t supporting price, upside continuation becomes very fragile. Thin ice for higher. Needs to hold 75k level for $BTC !!!
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Classic short-covering scenario shorts closed and become forced longs. But once shorts are closed as fuel and spot demand isn’t supporting price, upside continuation becomes very fragile. Thin ice for higher. Needs to hold 75k level for $BTC !!!