Bitcoin has shattered its multi-month range, surging past $71,500 as market liquidity skyrockets! Over $2 Billion in short liquidations were wiped out across exchanges in a massive short squeeze.
💡 Why is $BTC Surge Happening Today?
Macro Stimulus: The US Treasury doubled its bond buyback program to $4B+, pushing Treasury yields down and sparking a risk-on rally.
Regulatory Shift: The SEC proposed "Regulation Crypto Assets," simplifying token issuance up to $75M.
Altcoin Strength: $ETH is leading gains back above 2,000, whileBNB maintains heavy momentum.
📊 Key Technical Levels to Watch
Support: $69,000 – $70,000
Resistance: $72,500 – $75,000
Daily Target Check: Will $BTC cross $75,000 before this weekly candle closes? Share your entry price and predictions in the comments below.