🚀 BTC Technical Analysis Update on Binance

BTC is showing interesting patterns as it approaches critical levels. Here’s what the charts reveal:

Key Insights:

1️⃣ Short Squeeze in Action

A significant short liquidation signals a short squeeze, pushing BTC upward as short-sellers buy back at higher prices.

2️⃣ RSI Alert

BTC’s RSI is nearing overbought levels, indicating a potential pullback or consolidation phase. However, strong momentum could lead to a breakout.

3️⃣ Resistance & Support Levels

Resistance Zone: $75,000–$80,000

A breakout above this zone could trigger a sharp rally towards $85,000–$90,000.

Support Levels: $70,000, followed by $65,000 in case of a pullback.

🎯 3 Target Zones to Watch:

Target 1: $75,000–$80,000

This resistance range is crucial. Breaking it may confirm bullish momentum and pave the way for new highs.

Target 2: $85,000–$90,000

If the rally continues, BTC could test this level, supported by increased buying volume.

Target 3: $70,000 (Support)

In case of a pullback, this level could act as a strong base for a rebound.

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