Bitcoin: Large Shorts Liquidated Above $74K

Bitcoin saw large shorts liquidated above $74K with initial long exits appearing at current levels according to trader @52kskew.

Price sits at $73993.27 inside Bollinger Bands bounded by $76831.34 resistance and $72065.45 support while EMA50 at $75580.3 and EMA200 at $76866.16 define the bearish structure. Momentum shows RSI(14) at 41.37 remaining neutral and MACD(12,26) printing -763.77 on a bullish golden cross. With price testing upper Bollinger resistance at $76831.34 while RSI stays neutral, a healthy retracement toward the 50-EMA support at $75580.3 appears probable before further continuation. BTC price prediction models now incorporate this liquidation cluster as a key inflection for near-term direction.