Bitcoin: Shorts Flushed at 58k Despite MSTR Sales

Bitcoin absorbed aggressive shorting into the 58k lows twice this week as order flow turned eventful for the first time in weeks, yet all short open interest flushed once spot sell pressure eased.

BTC held steady at $63735.37 despite negative headlines around MSTR selling, showing resilience after the retest.

Price trades inside the Bollinger Bands with upper resistance at $63860.55 while the EMA50 at $62019.76 acts as concrete support and the EMA200 at $64368.57 caps upside; the MACD death cross at 579.41 signals caution even as RSI at 63.16 stays neutral, suggesting a healthy pullback to the 50-EMA before continuation.