小龙先生|Jun 01, 2026 02:07
❓️Why is the current Bitcoin price stuck and not easily breaking down?
This is because of a triple support resonance, forming a short-term 'buffer zone.' But sooner or later, it will break below 72,000 and then plunge further!
(1) The 72,000-73,200 range is a convergence point of multiple technical levels: the 0-axis (lower boundary) of the Fibonacci ascending channel (around 72,000). According to natural trading theory, when the price reaches a strong gravitational level, it’s highly likely to reverse or consolidate sideways. Right now, it’s in the 'sideways consolidation' phase.
(2) Order book data shows there are approximately $500 million worth of active buy orders in the 72,000-70,000 range. This is an institutional 'moat,' not retail behavior.
(3) The funding rate has recovered from negative values in early May to 0.0052% (neutral to slightly positive). The selling pressure from overcrowded shorts has been fully released, and incremental selling pressure is decreasing.
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