BTC Market Analysis: $69,000 Reclaimed as Liquidity Shifts!
The market structure has officially shifted. After a period of intense volatility, Bitcoin has successfully reclaimed the $69,000 level, confirming a massive breakout from the recent consolidation zone.
🔍 THE DATA BREAKDOWN:
The Short Squeeze: Approximately $365M in short positions were neutralized during this move. This "Liquidity Flush" has cleared the path for a more stable upward trend.
Macro Support: The US CPI data (2.4%) acted as a major tailwind, suggesting that the "Inflation Peak" might finally be behind us.
Institutional Strength: We are seeing heavy buy-side volume on the 4-hour chart, indicating that "Smart Money" is defending the $68,500 area.
🛡️ STRATEGY FOR THE NEXT 24H:
The $70,000 mark is now the primary psychological resistance. A daily close above this level could signal a move toward the $72,500 Fibonacci extension.
Important: Always manage your risk. While the momentum is bullish, wait for a confirmed retest of the support levels before entering new positions.
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