April 25 Strategy Interpretation: Forceful but Unsustainable, Strength Hidden in Softness
During Bitcoin's rise on April 22, nearly $300 million in short positions were liquidated, setting a record for the largest single-day liquidation since the start of this bull market.
If BTC continues to surge without a pullback, it may seem impressive, but it could actually be laying the groundwork for a subsequent deep retracement to clean out short positions, making it difficult for the market to sustain its momentum.
Conversely, if a technical pullback occurs within the next one to two weeks, allowing for sufficient turnover of positions and clearing of floating stocks, it would be more conducive to fostering a new round of steady upward trends.
