Crazy, completely crazy! Bitcoin surged 13,000 points, can it continue to rise? Yesterday, the community provided a BTC long position layout, relying on the Wyckoff bottom accumulation structure, with a target directly looking at 73,000! I also entered the market simultaneously to participate. This wave of profits has been harvested, and I congratulate the family members who followed along; we are taking off directly 🚀 Please see the picture~

Friends, I believe everyone has been shocked by this wave of Bitcoin's market recently. In just three days, BTC surged directly by 13,000 points, from 62,800 all the way up to 75,800. The intensity of this rise can be described as quite violent. However, the more the market rises vigorously, the more we need to stay calm. The position at 75,800 has already reached a strong resistance zone. Where will the short-term rebound high point for Bitcoin be?

First, we need to understand that this major rise is not due to a massive influx of new funds into the market, but rather driven by three forces working together: short squeeze, liquidity release from US debt buybacks, and favorable regulatory developments. In the past 24 hours, the total liquidation across the network reached 3.3 billion dollars, with nearly 3 billion from short liquidations. In simple terms, this wave is largely a result of short sellers being forced out. Once the shorts are basically cleared, the subsequent buying pressure will significantly weaken.

From a technical perspective, a clearvolume-price divergence has appeared on the four-hour chart, indicating a potential adjustment in the short term. The 75,800 level is the downward trend line for the weekly chart and also the upper edge of a historical accumulation zone. Fibonacci levels, weekly resistance, and historical locked positions all converge here, creating triple pressure. Therefore, my judgment is that the short-term rebound high point is likely to be around 75,800.

Looking at the funding and sentiment, the current market bullish sentiment has become obviously overheated. Funding rates have surged to their highest in 20 months. The last time this happened was in January 2025 when BTC was at a periodic peak position. The retail long-short ratio has soared to 2.22, indicating that two longs face one short, with retail investors frantically chasing the rise; however, the long-short ratio for whale investors is only 1.47, suggesting that large funds are relatively restrained and observing.

Additionally, short-term holders transferred 43,000 BTC to exchanges in a single day, setting a record inflow for 2026, and the selling pressure from break-even positions is continuously being released. The market is shouting that a bull market has arrived everywhere, but with objective signals right in front of us, I believe we cannot directly determine that a new round of a bull market has begun yet.

In terms of operations, at the current level of 75,000, the upside potential is already very limited, whereas the downside correction space is greater. Pursuing longs at this position has a very unfavorable risk-reward ratio. Friends holding long positions can reduce their positions in batches while protecting their capital. Those who want to try shorting can wait for the area around 75,500 to see if along upper shadow or a bearish candlestick appears, confirming pressure and then try a light short position, with a stop loss set at 76,500 and a target looking towards 73,500.

Important Notice: The last wave of entry opportunity

Today, 20 membership discount quotas for August are released; the first wave of Bitcoin has already started, winning at the starting line. If you missed it, please closely follow the next steps!

Official Account: Big Bull Says Market

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