Post
Aamn
BTC Quick Summary 📉
Price: ∼$75,814, stuck after a sharp bounce
Trigger: Big shorts covered — $9.38M by one top trader + $378M liquidated in 1 hour on Nov 4. BTC spiked $75.6K → $81.1K
Why it faded: No real spot buying. ETFs had +$74.6M inflows, but it was mostly forced covering
Levels:
Resistance: $76,371 → $79,000 → $81K
Support: $75,000 → $74,900
Takeaway: Bulls need to hold $75K. If they do, $79K-$81K is next. Lose it & we could C $70K-$75K.
squeeze happened, now we wait for real demand
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