Bitcoin gives me the feeling that it's very similar to a short squeeze, I don't know if it will replicate last year's market trend. Iran's war isn't over yet, US stocks are hitting new highs soon, and Bitcoin is at a critical resistance level. I feel the momentum is very strong, but the position is really not good. There's no need to short now. Just like I said yesterday and this morning, I will go long if it retraces to a certain level; if not, then I'll watch the show. Now it's a bit early to enter.

BTC1.54%
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GateUser-2d2169eb
· 1h ago
How much will the second pancake retrace to?
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