BTC pancake short-term has reached a game theory point

This is a position where it can go either up or down, but why do I lean towards dragging it out here to continue up and liquidate shorts?

Because ①the center of gravity of the K-line is constantly moving upward, ②the decline force from 739 is too small; so it's more appropriate to treat the pullback to 70,000 and then the rise to now as a continuation of the uptrend starting from 656

As of now, the most critical position for BTC is 74,000 USD

If the 74 position slowly breaks through, it will likely go back to the 76-78-79 range, I can't see any higher positions for now. There are 2 reasons:

First, there isn't much liquidation above,

Second, the pressure at 78-79 is too strong to overcome in the short term

The bottom range was bought out, not guessed by everyone. It's the crazy accumulation of trading volume, ultimately when bears ran out of chips to dump, the market reversed!

But currently: the bottom has only been forming for about 1.5 months, not enough chip accumulation yet, ETF funds are sporadic, BlackRock itself is in crisis, if even the big brother isn't stable, how can the market take off?

So the operation for larger timeframes should be: accumulate at the bottom, hedge at key resistance levels

Remember 7w4 this critical position, if it hasn't broken through after three attempts, then a rapid sell-off will begin, accelerating market panic and liquidating multi-contract positions. Institutions are clear, exchanges are clear, hedge funds are clear, CME institutions are even clearer. BTC definitely has many people accumulating long positions now. Before a big move, there will definitely be a round of liquidations, and then comes the uptrend. BTC's patterns have been like this for the past 6 years

Remember: don't become retail when smart money knows exactly what's happening!