💸💰#Bitcoin Update: Over the past 24 hours, BTC climbed 1.95% to $91,347, fueled by a technical breakout, institutional signals, and derivatives reset.💸💰
🔥 Key Drivers:
Break of $90K resistance: MACD turned positive, RSI exited oversold territory.
Saylor hints: “Orange dots” from Michael Saylor’s team sparked buy expectations.
Derivatives reset: $316M in liquidations (67% longs) cleared excess leverage.
Spot ETF inflows: $71.4M reversed weeks of negative flows.
📊 Technical Snapshot:
BTC broke the descending trend, holding above the 100-hour SMA and 61.8% Fib ($87,800).
Bullish path: Sustaining above $91,650 could lead to $93K.
Bearish risk: Falling below $90K may trigger a slide to $87,800.
🧩 Institutional Insight:
Michael Saylor’s firm ($11.7B in BTC) continues to influence markets.
ETF inflows eased sell-off concerns.
SEC notification from Saylor’s firm expected next week.
⚙️ Derivatives Outlook:
$316M liquidations reduced systemic risk.
Low funding rates favor holding; a drop below $90K could spark new liquidations.
🎯 Market Outlook:
BTC shows resilience with technical strength, stable institutional flows, and cleared leverage.
Still down 11.4% over 30 days, eyes on Dec 10 FOMC.
👉 Key Levels to Watch:
Above $93K: Eyes on 200-day SMA (~$109K).
Below $90K: Risk of drop to $86,500.
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