Post #6899

Today's current #crypto market update. Bitcoin is up 1.96% to $70.6K, beating the broader crypto market (+1.18%) and moving closely with Nasdaq-100 (94% 7-day correlation)—very macro/tech-driven. Why it’s up: Main driver: Derivatives-led short squeeze (rising open interest + short liquidations). Secondary: Oversold technical bounce at key Fib support and defensive rotation into BTC (“Bitcoin Season”). Near-term: Hold $68,160 → likely test of ~$71,449 (7-day SMA). Lose support → risk of a deeper move toward the yearly low. Are you struggling to make the profit by trading in crypto then contact us » @cctrade19