Bitcoin: Glassnode Eyes $69k Short-Term Holder Confirmation

Bitcoin shorts have closed while ETF flows flipped positive, leaving confirmation at the Short-Term Holder Cost Basis of $69k as the next decisive level according to Glassnode. Rejection there would reopen the lower demand shelf for BTC price action. On the 4h chart Bitcoin trades at $66053.87 inside the Bollinger Bands with upper resistance at $67101.29, supported by the EMA50 at $64919.97 and EMA200 at $63700.94; the neutral RSI at 58.78 paired with the MACD death cross points to a likely healthy retracement toward the 50-EMA before any sustained push higher, aligning with recent Bitcoin ETF flows correlation with price patterns observed over the past year.