BTC is hovering near the critical $66K resistance, and the setup is getting increasingly interesting.
📉 Around $343M in short positions are reportedly exposed across the $64K–$66K zone.
Now imagine BTC breaks and holds above $66K…
💥 Shorts start getting liquidated
💥 Forced buying kicks in
💥 Momentum accelerates
💥 More shorts get trapped
The recent CPI data could become the catalyst. A softer inflation environment may bring fresh risk appetite and give Bitcoin the push it needs.
But there’s one key condition:
BTC needs a clean breakout above $66K with strong volume.
If that happens, the current bearish positioning could turn into fuel for a powerful upside move. 🚀
👀 Bear trap or another rejection?
The $66K level is where things could get VERY interesting.
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