From the perspective of Bitcoin and semiconductor short sellers, if the key resistance level is not broken after the short squeeze rebound, the short-term rally high becomes an excellent opportunity to re-enter shorts. For reference, Bitcoin dropped from $67.5K to $60K in such a manner. After a sharp decline, a short squeeze occurs, followed by a failure to break through the key resistance level, leading to additional shorts added at the failure point, repeating the cycle of another sharp decline, with each low becoming progressively lower. $BTC
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