The core contradiction The upward logic still holds — the shorts have not been completely eliminated, and there are still many stop-loss orders waiting to be triggered above 80,000. The downward pressure also exists — a 26% increase in a day, 4-hour RSI at 95, all textbook signs of a major pullback ahead. 72,000-73,000 is the central zone of this short squeeze rally, and 66,000-68,000 is the moving average area. If the rise is to continue, the price needs to hold above these zones. If it breaks below 66,000-68,000, the short squeeze logic fails. The current BTC looks more like a direct confrontation between bulls and bears at the 80,000 threshold. Whoever breaks through the other's defense first will win the home ground for the next phase. $BTC $ETH $CORE #海力士回购落地，三星股东回报待确认

Support Levels and Consequences of Breaking Them First Support (Immediate) $76,000-76,680 Initial holding zone after a rejection at 80,000 Core Support $74,000-75,000 First target zone for a pullback if the 80,000 rejection is confirmed Strong Support $70,000-72,000 Deeper pullback target; if held, the bullish structure remains intact Structural Support $66,500-68,500 If broken, the short squeeze logic fails $BTC $ETH $MOVE #Anthropic拟8月底公开IPO文件，募资或追平SpaceX

Resistance Levels Position Breakthrough Significance Immediate resistance $79,600-80,000 Today's high + psychological barrier, the most critical short-term resistance Next target $82,400-83,000 Logical target zone after breaking 80K Inverse head and shoulders target $85,000-90,000 Pattern measurement target + main supply zone $80,000 is a level that has not been reclaimed since January. Even a brief stand above it is enough to trigger algorithmic buying and short stop losses. But the price has fallen nearly $4,000 from the high, indicating that the selling pressure at this level is real. $BTC $ETH $MOVE #BTC加速拉升，资金还能继续接力吗？

Key observation: Up over 26% in the past 7 days, with an average daily increase of 3.7%, this is a typical parabolic rise. Historically, such extreme stretches are often followed by sharp corrections—not inevitable, but the probability is increasing. So far this week, ETFs have seen a cumulative net inflow of about $1.03 billion, indicating strong demand. However, Coinbase premiums remain moderate; the core driver of this rally is still short squeeze liquidations rather than an explosive return of US spot demand. $BTC $ETH $NOT #海力士回购落地，三星股东回报待确认

Daily level — Breakthrough of key moving averages, inverse head and shoulders pattern confirmed BTC has broken through the 200-day moving average (around $75,094) and the 120-day moving average, confirming the inverse head and shoulders pattern, with a target price pointing to $85,000-$90,000. However, the daily RSI has surged above 84, entering a severe overbought zone. The rebound structure since the June low of 57,808 is still ongoing, but a profit-taking pullback is inevitable after the sharp rise. $BTC $ETH $NOT #BTC加速拉升，资金还能继续接力吗？

Current core signals in the market 4-hour level — completely overbought, but still within trend inertia RSI(14) has surged to the 93-95 range, in an extreme overbought state — this is not just overbought, but the market is extremely stretched in a very short time. The price is testing the upper Bollinger Band (around $79,865), which coincides with the 80,000 level, forming a strong resistance zone. $BTC $ETH $CORE #Anthropic拟8月底公开IPO文件，募资或追平SpaceX

Lower support · $73,660-$73,700: Short-term key support · $68,900: Key support level; if broken, the bullish logic is questioned · $66,665: 4-hour EMA50, the first target for a deep pullback $BTC $ETH $MOVE #海力士回购落地，三星股东回报待确认

This volatility experience is no longer available $BTC $ETH $SOL #Anthropic拟8月底公开IPO文件，募资或追平SpaceX

Core Contradiction In three days, the price surged from 64K to 79.6K, with the 4-hour RSI hitting an overbought extreme of 93, and $4 billion in short positions liquidated — technically, BTC now needs a correction, but sentiment may still have momentum. CryptoQuant founder Ki Young Ju says the bear market is over, but Bitwise also warns: after a short squeeze, the real test is whether genuine demand can take over. If spot buying doesn't keep up in the next few days, a sharp correction is inevitable. $BTC $ETH $NOT #Anthropic拟8月底公开IPO文件，募资或追平SpaceX

Funding situation: $4 billion liquidations, shorts crushed In the past 24 hours, the total liquidation amount across the network exceeded $4 billion, with shorts accounting for about $3.7 billion, marking the most severe short squeeze since 2021. Bitcoin single-coin liquidations were about $461 million, Ethereum liquidations about $176 million, with over 127,000 people liquidated. The short liquidations created a positive feedback loop: BTC price rises → shorts liquidated → forced buying → price rises further. This is the micro mechanism behind this round of short squeeze. ETF funding: Yesterday, Bitcoin spot ETFs saw a total net inflow of $606 million, marking four consecutive days of net inflows. BlackRock IBIT had a single-day inflow of $503 million. Key warning: After the $841 million liquidation wave, the easiest profits in the short squeeze rally may have passed. The next phase requires real spot demand to replace forced buying. If prices stagnate while leverage rebuilds rapidly, it could trigger liquidation risks on the other side. $BTC $ETH $CORE #财报观察员：泡泡玛特增长换挡，多IP能否接力？