$BTC rose to $70,578 after a large $115M short liquidation on March 9–10, starting from the $65K support zone.
Key data points:
Binance leverage ratio dropped from 0.198 → 0.152 (deleveraging in progress)
Futures open interest turned negative
RSI improved from 42 → 51, showing momentum recovery
Price is now above the EMA9 at $68.4K. Holding this level is important for a potential continuation. The next resistance sits around $74K.
This suggests a cleaner setup after leverage has been reduced, but caution is still advised.
#bitcoin #BTC #cryptotrading #TechnicalAnalysis
