4.25 The rigid easily breaks, the gentle does not fail

1. BTC experienced nearly 300 million U in short liquidations during the rise on April 22, marking the largest single-day short liquidation since the bull market began.

2. If BTC continues to rise without retracing, it is clearing shorts in preparation for further declines. It appears strong, but the market may not last long.

3. If BTC actively retraces and consolidates over the next week or two, fully rotating and locking in positions, it may open a new round of bullish trends.