Bitcoin: Falls Below $77,000 With $370M Liquidations

Bitcoin fell below $77,000 and ETH below $2,300 after $370 million in levered positions liquidated in one hour, according to The Kobeissi Letter.

Price sits at $76,391.85 on the 4h chart inside a bearish structure with EMA50 at $78,777.42 and EMA200 at $80,839.26 acting as overhead resistance. RSI at 37.54 shows neutral momentum while MACD registers a bullish golden cross at 314.86. The move tests the lower Bollinger Band near $75,200.97 after rejection from upper band resistance at $81,242.91, suggesting short-term volatility exhaustion before any sustained recovery attempt.