Bitcoin: $2400 Surge Liquidates $300M Shorts in 10 Minutes
Bitcoin jumped from $61800 to $64200 in 10 minutes, erasing $300M shorts on weekend liquidity at current $62905 levels with bearish EMA structure intact.
SourceAnalysis
Bitcoin ripped $2400 higher from $61800 to $64200 inside 10 minutes and torched over $300 million in short positions during thin weekend liquidity.
Price now sits at $62905.39 inside the Bollinger band with upper resistance at $63943.62. The 4-hour structure remains bearish as price trades below EMA50 at $65597.1 and far under EMA200 at $72714.85, yet MACD has printed a golden cross at -1102.85 while RSI(14) rests neutral at 48.49. Traders watch for rejection at the upper band that could force a retracement into the 50-EMA support before any sustained continuation.
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