Just read the latest market reports and things are getting crazy for Bitcoin right now. BTC just broke above $75.500 and is currently testing the $76.000 resistance area.
This massive pump is being driven by heavy institutional buying and a brutal short squeeze that is wiping out early bears. The biggest question everyone is asking right now is whether we are going straight to $80.000 or if we will see a pullback to grab lower liquidity first.
With so much institutional money flowing in right now betting against this momentum feels very dangerous. I am staying patient and watching how the daily candle closes before making my next move.
Are you guys still holding your longs or taking profit here? Let me know your thoughts in the comments!
BTCUSDT
Perp
78,017.6
+0.46%