BTC rebounded to around 80K as mentioned by Johnny Jun, and then made a precise correction, True Market Mean+Dual Ceiling of Short term Holders' Cost Line, Once again, the textbook level rise has been blocked and stepped back. According to the latest data from @ glassnode, when it rebounds to a high point of 80K, Short term holders achieved profits skyrocketing to $4 million per hour, It is four times the baseline in April, and buying cannot withstand this wave of profit taking. Look down, 65-70K is the intensive cost accumulation zone in the past two months, which can be considered as the short-term life and death line. Interestingly, @ glassnode also pointed out: The current perpetual futures position has turned into a record net short position, In history, such extreme structures often appeared before turning points, In other words, if the compressed fuel is sufficient, the ignition is missing. Summary: Strong resistance level above 80K, strong support below 70K, Short term fuel accumulation, lacking a reason to explode.