飞龙财经|Aug 24, 2026 01:11
Last Monday, Bitcoin ($BTC) suddenly skyrocketed from $62K to $79K, creating a short squeeze. Short positions acted as fuel, causing hundreds of thousands of liquidations.
Looking at the weekly chart, the market closed at 8 AM this morning with a strong bullish candle. It’s highly likely the rally isn’t over yet, but it might first pull back to around $75K–$74K before continuing upward. The next resistance level is near $82.8K—let’s see if it can hold above that level.
Two scenarios:
1. If it holds above $82.8K, it’s assumed the bullish trend will continue.
2. If this level acts as resistance, it could mark the top of this rebound.
Whether we’ll see a sustained bull market is still uncertain. We need to take it step by step—never try to predict the market. Personally, I think there’s a high chance of a pullback or even a new low in Q4, but it depends on how the market moves. If it does break through key resistance levels and reverses into a bull trend, we’ll have to acknowledge it. But for now, it hasn’t happened yet. Stay tuned, everyone!
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