The contradiction between Bitcoin short squeeze and Mt. Gox sell-off on July 17
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🔹Reviews of Cognitive Society
The highest point of Bitcoin's rebound on July 17 was 66,000, which coincides with the pressure point of 66,000 in yesterday's article.
The highest point of Bitcoin's rebound on July 16, 63,300, is far from the pressure point of 66,000 in yesterday's article.
Bitcoin's highest rebound point of 63,300 on July 15 is close to the pressure point of 64,000 in yesterday's article
Bitcoin's highest rebound point on July 14 was 60,300, which is consistent with the pressure point of 60,000 in yesterday's article.
Bitcoin is in a very strong consolidation.
The attitude of Cognitive Society is stable. Unless there is a positive stimulus from the Ethereum spot ETF trading, it is very unlikely that Bitcoin will stabilize at 67,000. If Ethereum and Bitcoin sprint together, it will be difficult to last too long. In this round of copycat killing, there is no voice of entry in the entire encryption industry. No friends around you ask you how to enter the market.