Looking back at this wave of Bitcoin's rise and fall, it's all a naked squeeze to kill the longs. Once in position, it immediately moves up or down without turning back. The early-month expectation of a drop followed by a rally and a full rebound was directly contradicted. Bitcoin hasn't even dropped to the expected level; 85,500 is the conservative rebound level.
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Looking back at this wave of Bitcoin's rise and fall, it's all a naked squeeze to kill the longs. Once in position, it immediately moves up or down without turning back. The early-month expectation of a drop followed by a rally and a full rebound was directly contradicted. Bitcoin hasn't even dropped to the expected level; 85,500 is the conservative rebound level.