Latest Quick Report on Bitcoin Market: 《 Can Bitcoin be shorted now that it has rebounded to a key strong gravity zone? How to translate Brothers and sisters, Bitcoin has rebounded from 57800 to 63500, with a space of about 5500 points. It looks really fierce. But when the price reached over 63000, many people couldn't sit still and asked the same question: "Can I short Bitcoin now This question is very accurate, because 63000-65000 is the "strong gravity zone" of this round of rebound, which is the key resistance zone pointed by Fibonacci and on chain chips. Can we open them one by one to see if they are available. 1. Where is the strong gravitational zone of natural transaction theory? Why 63K-65K? Firstly, Fibonacci's "strong gravity level" is between 64K-65K, which is a "structural resistance zone", while 64.1K-65K is defined as a "conflict zone between option premium and discount" - if BTC cannot close above 65K daily, this upward trend will be classified as a "counter trend correction". Secondly, short-term chip costs are concentrated here. Holding short-term chips for less than one month and less than three months results in an average cost concentration of $64000-68000. Every time the price rebounds close to this range, those who have just cleared it will concentrate on cashing out. The cycle of "breakthrough → encountering obstacles → retreat → breakthrough again" is the necessary path to form a bottom consensus. Thirdly, the vicinity of 63K is the precise target of liquidity. Above $63000, there is a clearing intensity of $657 million in short positions, which could trigger a chain of short squeeze once breached. However, it should be noted that if it fails to stand firm, the clearing of multiple orders worth $526 million below will also be intensive, and the more the rebound relies on bearish pressure, the stronger the vulnerability. 2. The deviation between daily and 4-hour level volume price has been confirmed. Is this a 'short signal'? The price rebounded from 57800 to around 63500, and there was indeed a volume price divergence in both the daily and four hour levels. The price was rising while the trading volume was decreasing. This is an objective fact. But 'deviation' is a warning, not the best trigger for short selling. The sharp drop to 58026 on June 25th was a massive sell-off, while the rebound after hitting a new low on July 1st was a contraction in volume. The phrase 'smashing the market and increasing volume, rebounding and shrinking volume' itself is a weak structure, indicating that this rebound is just a rebound, not a reversal. The current daily volume price deviation indicates that the bulls are not following up enough. 3. What is the 'risk' of shorting Bitcoin at current prices? Although the resistance logic around 63000 holds true, there are several risks to consider when shorting: Risk 1: The weekly structure is still biased towards excess. As long as the weekly entity does not close below 60000, the bulls are still in a rebound upward trend, and the price has repeatedly fallen below 60000, but the sellers have never successfully closed any entity below this level for a week, only a shadow line. If the market closes at 62500 or 67000 this week, it cannot be easily shorted. Risk 2: The risk of short squeeze still exists. A large number of short positions have accumulated above 63000, and if the price breaks through 63000 and stabilizes, it may trigger a chain of short selling pressure, and the short positions will be dealt with first. Analysis suggests that a liquidity sweep of 63.2K may first clear the upper stop loss order before a rejection occurs. Risk 3: On chain demand is improving. 47% of the Bitcoin supply is in a profitable state, consistent with the bottom of past cycles. The realized profit to loss ratio of short-term holders has dropped to its lowest point in 43 months, and historically this indicator usually indicates a significant rebound. 4. Can I short Bitcoin now? The logic of bears: 63000-65000 is a strong gravity zone, with a confirmed deviation between quantity and price, and concentrated pressure for short-term chip unwinding. If the price shows a long upper shadow or solid bearish candlestick in this area, the signal for short selling is relatively complete. 63K-63.2K is the observation area, and if there is a rejection after the liquidity sweep, it may retreat to below 60000. However, there has not yet been a four hour bearish candlestick pattern or signal. In addition, the liquidity over the weekend was relatively poor, and now the price has rebounded to around 63500 yuan. Short selling is happening now, and the main force of bears has not entered the market, which seems a bit aggressive. We may as well wait until next Monday to see the fierce battle between the long and short sides before deciding whether to enter. Multi headed defense line: 60000 is the key support at the weekly level, as long as the weekly entity does not break 60000, the bears are not truly successful. 60000 is an important psychological and technical barrier, and the 200 week moving average forms a structural bottom around 57800. 5 ❤️ Final summary and warm reminder: Brothers and sisters, 63000-65000 is a strong gravitational zone. It is true that the logic of short selling exists, but three things have not been confirmed: first, the daily volume price deviation is still in the "warning" stage, second, the weekly structure has not been broken, and third, the risk of short squeeze has not been eliminated. So, the signals to short Bitcoin are not sufficient yet. The best practice is to wait until Monday, when market liquidity is sufficient, let the price run for a period of time to see if the bullish volume can truly decline, let the four hour level upper or lower shadow line appear first, and let the weekly closing confirm first. All three conditions are on, let's pull the trigger again. Bitcoin BTC 3D Integrated Trading Analysis