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Aamn
BTC Quick Summary π
Price: βΌ$75,814, stuck after a sharp bounce
Trigger: Big shorts covered β $9.38M by one top trader + $378M liquidated in 1 hour on Nov 4. BTC spiked $75.6K β $81.1K
Why it faded: No real spot buying. ETFs had +$74.6M inflows, but it was mostly forced covering
Levels:
Resistance: $76,371 β $79,000 β $81K
Support: $75,000 β $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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