🚀 Bitcoin$BTC breaks $78k: Is this the start of the "ultimate Squeeze"?
The crypto market has awakened strongly this April 18. Bitcoin $BTC has decided to shake off the sideways movement and has pierced through the resistance of $78,000 USD, leaving a trail of liquidations in its wake and a sense of euphoria we haven't seen in weeks.
🔍 What is moving the price today?
It's no coincidence. Two factors have aligned the stars for the bulls:
Macro Context: The reopening of the Strait of Hormuz has eased global tensions, returning capital to risk assets.
Liquidations of "Shorts": More than $800 million in short positions have been swept away. When sellers lose, the price rises due to pure forced buying pressure.
📊 Technical levels to watch on Binance
If you are going to trade today, keep these numbers on your radar:
Support Zone: $75,000 now acts as our psychological floor. As long as we remain above this, the structure remains bullish.
Resistance Zone: The real battle is at $78,400. Closing a daily candle above this level could open the way to $80k.
Fact:
The MFI (Money Flow Index) on Binance shows signs of overheating. If you're looking to enter now, be cautious of FOMO. The best entries usually happen during "retests" of broken supports.
Do you think Bitcoin will close the week above $80,000 or will we see a correction towards $72k? 👇 Let me know your opinion in the comments and let's discuss the next move
#BTC #WritentoEarn #CryptoTradingStories
The crypto market has awakened strongly this April 18. Bitcoin $BTC has decided to shake off the sideways movement and has pierced through the resistance of $78,000 USD, leaving a trail of liquidations in its wake and a sense of euphoria we haven't seen in weeks.
🔍 What is moving the price today?
It's no coincidence. Two factors have aligned the stars for the bulls:
Macro Context: The reopening of the Strait of Hormuz has eased global tensions, returning capital to risk assets.
Liquidations of "Shorts": More than $800 million in short positions have been swept away. When sellers lose, the price rises due to pure forced buying pressure.
📊 Technical levels to watch on Binance
If you are going to trade today, keep these numbers on your radar:
Support Zone: $75,000 now acts as our psychological floor. As long as we remain above this, the structure remains bullish.
Resistance Zone: The real battle is at $78,400. Closing a daily candle above this level could open the way to $80k.
Fact:
The MFI (Money Flow Index) on Binance shows signs of overheating. If you're looking to enter now, be cautious of FOMO. The best entries usually happen during "retests" of broken supports.
Do you think Bitcoin will close the week above $80,000 or will we see a correction towards $72k? 👇 Let me know your opinion in the comments and let's discuss the next move
#BTC #WritentoEarn #CryptoTradingStories