🚨 It wasn’t just FOMO. It was a domino effect.
Why did Bitcoin surge?
Favorable macro: a weaker dollar and improved liquidity.
Regulation: positive signals for the crypto sector.
Real demand: strong capital inflow into the market.
The spark came from shorts.
The breakout above resistance triggered a cascade of liquidations. Shorts were forced to buy, pushing the price up further—and liquidating even more shorts.
What the chart shows now
📈 OI rising: new positions are entering the market.
⚠️ Elevated RSI + Greed: the rally could continue, but the risk of a pullback has increased.
🎯 Key ranges
Resistance: 79k–80k
Support: 74k–75k
Contrarian read: the fuel for shorts has diminished; now it’s more important to watch how price reacts at support levels than to chase the price.
Strong market, but discipline still matters more than hype.
NOT FINANCIAL ADVICE! DO YOUR OWN RESEARCH.
Why did Bitcoin surge?
Favorable macro: a weaker dollar and improved liquidity.
Regulation: positive signals for the crypto sector.
Real demand: strong capital inflow into the market.
The spark came from shorts.
The breakout above resistance triggered a cascade of liquidations. Shorts were forced to buy, pushing the price up further—and liquidating even more shorts.
What the chart shows now
📈 OI rising: new positions are entering the market.
⚠️ Elevated RSI + Greed: the rally could continue, but the risk of a pullback has increased.
🎯 Key ranges
Resistance: 79k–80k
Support: 74k–75k
Contrarian read: the fuel for shorts has diminished; now it’s more important to watch how price reacts at support levels than to chase the price.
Strong market, but discipline still matters more than hype.
NOT FINANCIAL ADVICE! DO YOUR OWN RESEARCH.