This is the third time mentioning space compression.

The current structure is already very clear:
Below 72500, above 75000, the range keeps converging, the oscillation strength is increasing. In essence, it’s bulls and bears trading back and forth aggressively within this area, while also amplifying differing views on uncertainty.

If the funds choose to break upward, the extension space above can be seen reaching around 78000–79000;
But once there is an effective breakdown below this key support at 72500, the liquidity gap below will gradually be filled. Focus on the two levels of 69700 and 67500.

Structurally, the early session has already completed harvesting the liquidity of the previous 75000 short position. This upswing is more about “taking liquidity” behavior. Based on this, I personally lean toward an increased probability that a subsequent move will break down below 72500 in real body.

But you don’t need to predict how the move ends in trading—you can watch as it unfolds:
• Around 74500, you can still try to short first
• Focus on observing the strength of the 72500 support
• If the support weakens, then consider adding on in line with the trend

One-sentence summary:
Position determines the trade, divergence determines the space—wait for confirmation, don’t bet on direction.#Gate13周年 $BTC $ETH