#Bitcoin đ BTC/USDT Market Update â Bullish Breakout Confirmed
Bitcoin has broken out of its 6-week tight consolidation range and reclaimed the $71,000 level. This breakout triggered around $3 billion in short liquidations â the largest short-squeeze event since at least 2021.
đ Technical outlook:
Price is forming higher highs with strong momentum
A potential "Golden Cross" is forming (50-day MA crossing above the 200-day MA)
Fed liquidity expectations and dollar weakness are adding to bullish sentiment
Regulatory clarity discussions (Clarity Act) are boosting institutional confidence
â ïž Traders should stay cautious â after a sharp move, short-term pullbacks/profit-taking are possible. Watch key support zones closely.
đ Attach: BTC/USDT 4H or Daily candlestick chart, breakout zone highlighted
#Bitcoin #BTC #CryptoAnalysis #BinanceSquare #WriteToEarn
Bitcoin has broken out of its 6-week tight consolidation range and reclaimed the $71,000 level. This breakout triggered around $3 billion in short liquidations â the largest short-squeeze event since at least 2021.
đ Technical outlook:
Price is forming higher highs with strong momentum
A potential "Golden Cross" is forming (50-day MA crossing above the 200-day MA)
Fed liquidity expectations and dollar weakness are adding to bullish sentiment
Regulatory clarity discussions (Clarity Act) are boosting institutional confidence
â ïž Traders should stay cautious â after a sharp move, short-term pullbacks/profit-taking are possible. Watch key support zones closely.
đ Attach: BTC/USDT 4H or Daily candlestick chart, breakout zone highlighted
#Bitcoin #BTC #CryptoAnalysis #BinanceSquare #WriteToEarn