Bitcoin short positions are being trapped hard. The shorts near 72,600 earlier, with the lowest around 66,000, haven't fully closed out. Bouncing up on rebounds and adding positions, current average price around 72,400, all trapped on the way up...
Daily K-line showing 8 consecutive yang candles with strong upward pressure, 74,000 can no longer hold the line. Didn't chase longs above 70,000 before, even less likely to chase now. Bull run still early, pulling high to distribute, ready to smash at any time. Don't chase rallies - missing out on long positions means missing out. For those trapped
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