Bitcoin: Fed Pause Triggers $415M Short Liquidations

Bitcoin surged past $80949.48 as the Fed signaled a rate pause, triggering $415 million in short liquidations.

Price tested upper Bollinger resistance at $80516.83 with RSI(14) at 69.95 while the MACD golden cross at 325.05 reinforced the bullish structure above EMA50 support of $77813.99 and EMA200 at $72266.85. A healthy retracement toward the 50-EMA remains the probable next move before continuation.