𝗧𝗵𝗲 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗯𝗲𝗮𝗿 𝘁𝗿𝗮𝗽 𝗶𝘀𝗻’𝘁 𝗰𝗼𝗻𝗳𝗶𝗿𝗺𝗲𝗱 𝘆𝗲𝘁 — 𝗯𝘂𝘁 𝘁𝗵𝗲 𝘀𝗶𝗴𝗻𝗮𝗹 𝗶𝘀 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗶𝗻𝗴.

$BTC is still stuck around $63K–$65K, while bearish positioning has built up heavily.

Here’s the level I’m watching: $66K.

If BTC reclaims and holds above it, those crowded shorts can become fuel for the move higher.

I’m not calling a breakout.

I’m saying the risk is asymmetric if everyone is positioned for the same downside.

Would $66K be the level that flips this setup?

$BTC