$BTC Bitcoin has just pushed past 80,000 again—are we about to break through the resistance level? Is this really a bull market, brothers?
Buy in quickly—here are 3 reasons:
1. Liquidity has reversed. The U.S. stock Bitcoin spot ETF shifted from outflows to net inflows of $159 million, including IBIT with a single-day net subscription of $184 million. The institutional rebalancing is over, and the spot side is once again taking up the demand.
2. Squeeze on positions. BTC reclaimed the real market average of around $76,700 and moved above $80,000; within a short time more than $100 million in liquidations occurred, forcing shorts to cover. Effective supply above is concentrated at $83,000–$85,000 (the exchange reserve pressure zone). Until that is absorbed, the trend remains somewhat bullish.
3. A daily volume breakout above $80,000. It reclaimed the $76,700 average, shifting the structure to bullish; but it closed outside the upper Bollinger band, with the order book extremely crowded. Support is at $80.0 / $76.67, resistance at $83,000–$85,000. Only if it holds above $80,100 can it continue; otherwise it’s just a pulse.
#BTC
Buy in quickly—here are 3 reasons:
1. Liquidity has reversed. The U.S. stock Bitcoin spot ETF shifted from outflows to net inflows of $159 million, including IBIT with a single-day net subscription of $184 million. The institutional rebalancing is over, and the spot side is once again taking up the demand.
2. Squeeze on positions. BTC reclaimed the real market average of around $76,700 and moved above $80,000; within a short time more than $100 million in liquidations occurred, forcing shorts to cover. Effective supply above is concentrated at $83,000–$85,000 (the exchange reserve pressure zone). Until that is absorbed, the trend remains somewhat bullish.
3. A daily volume breakout above $80,000. It reclaimed the $76,700 average, shifting the structure to bullish; but it closed outside the upper Bollinger band, with the order book extremely crowded. Support is at $80.0 / $76.67, resistance at $83,000–$85,000. Only if it holds above $80,100 can it continue; otherwise it’s just a pulse.
#BTC
