$BTC posted its strongest weekly rally since 2023 this week โ surging over 23% to cross $80,000, touching a high of $81,272. Several factors drove this rally:
๐ U.S. Treasury bond buybacks easing yield pressure
๐ฐ $1.9 billion in spot $BTC ETF inflows
๐ฅ Heavy short liquidations โ billions in bearish bets wiped out
๐ Michael Saylor's Strategy firm booked ~$4B in unrealized profits on its BTC holdings
It's still below last year's $126,000 peak, but the momentum this week was clearly strong.
๐ What's the Chart Saying Right Now?
A pullback from the highs has already begun:
๐ฐ Price: $79,044 (+1.13% today, but down from the $81,272 high)
๐ด Supertrend(10,3): Bearish @ $79,832
๐ 24h Low: $77,851
Key Levels:
๐ข Support: $78,682
๐ด Resistance: $79,832 โ $80,275
Order Book Sentiment: 96.27% sell-side dominant right now โ a cautious signal for the short term.
๐ Verdict:
The macro news is bullish (ETF inflows, short squeeze, institutional buying) โ but on the 15-minute chart, a healthy pullback/profit-taking is underway after the fresh high. A reclaim of $79,832 would put bulls back in control; otherwise, the $78,682 support may get tested.
โ ๏ธ This is a market update, not financial advice. Always DYOR (do your own research) before trading.
#bitcoin #BTC่ตฐๅฟๅๆ #crypto #BinanceSquare #ETFvsBTC
