# BTC Short-Term Rally at a Critical Juncture

Bitcoin has reached another pivotal trading point—a position that could go either way.

But why am I leaning toward consolidating here and continuing upward to liquidate short positions?

Because ①the center of gravity of the K-line is continuously moving upward, and ②the downward momentum from 739 was too weak. Therefore, it's more appropriate to view the pullback to 70k and the subsequent rally to current levels as a continuation of the uptrend that started from 656.

**The most critical level for BTC right now is 74,000**

If the 74k level is gradually broken through, we'll likely revisit the 76-78-79k range. Higher levels are hard to see in the short term for two reasons:

First, there aren't many liquidations above.

Second, the resistance at 78-79k is too strong to break through in the short term.

**The bottom was created through buying, not speculation.** It's the frenzied accumulation of trading volume—ultimately, the bears initiated the trend reversal because they ran out of chips to dump in their hands.

However, currently: the bottom formation has only lasted about 1.5 months, insufficient chip accumulation has been established. ETF inflows are sporadic, and BlackRock itself is mired in crisis. If the big player isn't stable, how can the market take off?

**Large-cycle strategy should therefore be: accumulate at the bottom and hedge at key resistance levels.**

Remember the critical 74k level. If it fails to break after three attempts, a sharp selloff will trigger, accelerating market panic and liquidating long positions in contracts. Institutions know this, exchanges know this, hedge funds know this, and CME institutions certainly know this. Bitcoin definitely has many people holding long positions accumulated. Before a major rally, there must be a wave of liquidations first, then the uptrend follows. BTC's price action over the past 6 years has been exactly like this.

**Remember: Don't become retail when smart money clearly knows what's happening!**