Those who are too aggressive may break easily; those who are gentle will not be defeated.
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 a pullback, it indicates a cleanup of shorts in preparation for further declines. It may seem very strong, but the trend won't last long.
3. If BTC actively pulls back and consolidates in the next week or two, effectively exchanging and trapping positions, it is likely to initiate a new bullish trend.
