On-chain analyst Ali Martinez reported that BTC short positions are heavily concentrated around the $80,000 price range, and if this level is broken, a short squeeze could cause a sharp rise to $84,000. He explained, "As May began, BTC has continued to trade sideways within a narrow range. What's noteworthy is the large accumulation of short positions around $80,000. If BTC breaks above $80,000, a short squeeze could lead to a rapid ascent to $84,000. Conversely, if it fails to break the $80,000 resistance, the $70,000-$75,000 range is expected to act as support. Currently, the market is experiencing a fierce tug-of-war between buyers and sellers, and a daily closing price outside the $75,000-$80,000 range will be a key factor in determining the overall trend for this month."
