$BTC Market Update | Technical Outlook
#Bitcoin is trading around 64.8K, holding above key EMAs and showing steady bullish momentum. A major short liquidation zone sits between 65,370–65,420, where over 55M in short positions could fuel a squeeze if price breaks through.
A move above this resistance may open the door to 65.5K, though a short-term pullback remains possible after the breakout.
If you're long, protect your profits with a stop-loss. If you're short, watch the 65.4K area closely and avoid excessive leverage.
Do you think it will break 65.5K, or face another rejection? Share your view below?
#Bitcoin is trading around 64.8K, holding above key EMAs and showing steady bullish momentum. A major short liquidation zone sits between 65,370–65,420, where over 55M in short positions could fuel a squeeze if price breaks through.
A move above this resistance may open the door to 65.5K, though a short-term pullback remains possible after the breakout.
If you're long, protect your profits with a stop-loss. If you're short, watch the 65.4K area closely and avoid excessive leverage.
Do you think it will break 65.5K, or face another rejection? Share your view below?