$BTC update: After the hot PPI release, it dipped to $79.7k. Now it has returned to $82k.
Currently, the breakdown failed. This is a good thing.
The retail long-short ratio dropped from 1.80 to 1.58. Shorts are being squeezed.
After reclaiming $81.2k, the next test is $82.8k-$83.7k.
Breaking through there will open up room to $87.4k.
If it falls below $81k, we will oscillate again.
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more