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WikiBit
Fam, volume breakout! Are you chasing or waiting?
Technicals: short-term RSI overbought, pullback possible. But 50-week MA at 78,115 — first close above in 45 weeks, medium-term bullish.
Market data: $746M liquidated in 24h, $647M shorts — short squeeze fueling the rally. Exchange BTC below 2.7M, LTH ~75%. But 65K BTC from short-term holders moved to exchanges — profit-taking.
My take: cautiously bullish, limited upside. Heavy zones at 84-85K and 90-92K — likely shakeouts there.
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