BTC π§² Liquidity check
Large shortβside liquidation cluster sitting around $78K.
If price keeps grinding higher, a move into that zone could trigger a short squeeze and accelerate momentum.
BTC technical update π
After riding up within a rising channel, BTC broke down and then compressed into a falling wedge.
Weβve now seen a bullish breakout from the wedge, which shifts momentum back to the upside.
π― Target: the top of the wedge (measured move)
β οΈ Caution: price is still facing key resistance at the orange descending trendline and the black horizontal level. A clean reclaim is needed for continuation.
Break & hold above resistance = higher highs
Rejection = range / retest scenario
Levels matter. Patience matters. π§ π
@MerlijnTrader Strong framework. The key isnβt the $180K target, itβs whether BTC reclaims/holds the 21W SMA with momentum. Until then, route matters more than destination