$BTC pushed back over $64,000 and $ETH reclaimed $1,900. In the last 12 hours, $32 million in shorts got liquidated.
Short squeeze mechanics at work — when price moves against overleveraged positions, forced liquidations create cascading buy pressure that amplifies the move. This isn't just recovery, it's pain-driven momentum.
The $64k level for $BTC matters because it's been resistance multiple times this cycle. Breaking and holding above it shifts the technical setup. For $ETH, $1,900 is psy...
$SOL's been holding up pretty well against $BTC lately, and honestly, the correction phase feels like it's behind us now. Not saying I've got a crystal ball, but the chart's giving off that vibe where it's just waiting to catch its breath before the next leg up.
We've seen this pattern before — consolidation, some sideways chop, then boom, breakout. Could be a matter of weeks, could be days. Either way, feels like $SOL's got more room to run if the broader market doesn't completely fall apart.
$XAUT remains bullish after breaking out of its previous descending structure and forming an ascending channel.
🔹 Resistance: 4,450
🔹 Buyer Zone: 4,370
🔹 Bias: Bullish above 4,370
🎯 TP1: 4,430
🎯 TP2: 4,450
A pullback could offer another opportunity for buyers. As long as price holds above 4,370 and respects the ascending support line, the bullish setup remains valid.
⚠️ A break below 4,370 would weaken the bullish outlook.
What’s your view on XAUUSD?
{spot}(XAUTUSDT)