【BTC breaks through $84,000 and holds above the 50-week moving average—$5 billion short liquidation level becomes a key point to watch】
Bitcoin has recently broken above the $84,000 resistance level. The daily chart is nearing a five-day winning streak, and it has returned above the 50-week moving average for the first time since 45 weeks ago. The market structure has shifted from simply defending support to actively liquidating shorts. The $83,000 to $85,000 range currently holds roughly $5 billion in short liquidation pressure. If price can稳固 (remain securely) above this range, it will confirm that the bulls are in control; however, if a pullback falls back below $80,000, the market may again test this level’s resistance role. Going forward, it is crucial to watch the effects of the quarterly options expiry on September 25, the pressure on macro liquidity from the 10-year U.S. Treasury’s 5% high interest rate, and changes in trading volume in the $80,000 to $85,000 range. If short liquidations are successfully triggered and buying interest stays strong, BTC could extend to higher price levels; otherwise, it will test key support again.
Bitcoin has recently broken above the $84,000 resistance level. The daily chart is nearing a five-day winning streak, and it has returned above the 50-week moving average for the first time since 45 weeks ago. The market structure has shifted from simply defending support to actively liquidating shorts. The $83,000 to $85,000 range currently holds roughly $5 billion in short liquidation pressure. If price can稳固 (remain securely) above this range, it will confirm that the bulls are in control; however, if a pullback falls back below $80,000, the market may again test this level’s resistance role. Going forward, it is crucial to watch the effects of the quarterly options expiry on September 25, the pressure on macro liquidity from the 10-year U.S. Treasury’s 5% high interest rate, and changes in trading volume in the $80,000 to $85,000 range. If short liquidations are successfully triggered and buying interest stays strong, BTC could extend to higher price levels; otherwise, it will test key support again.