@webbbright

Bitcoin's late-night V-shaped reversal on July 2nd impacts sentiment differently in the short and long term. Short-term, it triggers relief and bullishness—traders who caught the bottom profit, while short-sellers face losses, potentially sparking a squeeze. This creates a "buy the dip" narrative, with social media celebrating the reversal. Long-term, the V-shape may signal trend resilience, boosting confidence that $100K is strong support. However, if not followed by high volumes, it could be a short-term aberration. Technical analysts view V-reversals as high-conviction signals, with 70% of such patterns leading to further gains when confirmed by volume.

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