BTC rejected at $81 K and are back near $77-78K ️
The post-election pump was primarily a short squeeze: $378M in shorts liquidated in one hour. Squeezes fade without new spot demand.
Why the reversal:
• ETF inflows returned (+$74.6M) but that‘s small next to ~$1.16B pulled in 3 sessions
• US jobless claims at 189K
(57-yr low) → Fed cuts pushed back (BofA now sees them in Q3 2027)
• AI/tech selloff weighing on risk assets
• $6.3B Binance hack fear still lingering
Levels:
Old support ~$78.3K =new resistance ~$81.5k
Support: $76.8 K → $75.6 K (7-week low)
Reclaim $80K+ to flip structure
Weekly close below $78.3 K =bearish retest confirmed.
Trade the levels, not the vibes. NFA 🙏
$BTC #bitcoin
The post-election pump was primarily a short squeeze: $378M in shorts liquidated in one hour. Squeezes fade without new spot demand.
Why the reversal:
• ETF inflows returned (+$74.6M) but that‘s small next to ~$1.16B pulled in 3 sessions
• US jobless claims at 189K
(57-yr low) → Fed cuts pushed back (BofA now sees them in Q3 2027)
• AI/tech selloff weighing on risk assets
• $6.3B Binance hack fear still lingering
Levels:
Old support ~$78.3K =new resistance ~$81.5k
Support: $76.8 K → $75.6 K (7-week low)
Reclaim $80K+ to flip structure
Weekly close below $78.3 K =bearish retest confirmed.
Trade the levels, not the vibes. NFA 🙏
$BTC #bitcoin