🚨 $BTC exploded again, but is this time different?
The crypto rally came after the U.S. Treasury announced expanded buybacks of long-term bonds, which eased pressure in the bond market—thereby easing pressure on Bitcoin and digital currencies.
But pay attention 👀
A large part of $BTC ’s rise came from short liquidations, not just from new spot buying.
Now we have a very important decision zone:
68,500 – 69,100$
If $BTC can break through it and turn it into support, this is where a stronger rally story could begin 🚀
As for failure? We may find out that the rally was simply a Short Squeeze.
The crypto rally came after the U.S. Treasury announced expanded buybacks of long-term bonds, which eased pressure in the bond market—thereby easing pressure on Bitcoin and digital currencies.
But pay attention 👀
A large part of $BTC ’s rise came from short liquidations, not just from new spot buying.
Now we have a very important decision zone:
68,500 – 69,100$
If $BTC can break through it and turn it into support, this is where a stronger rally story could begin 🚀
As for failure? We may find out that the rally was simply a Short Squeeze.