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As those closely following Bitcoin have noticed, in recent hours we faced a significant resistance at the $78,000 level. As the risk of short position squeezes increases, interesting movements are observed around this region. During the early morning hours in UTC time, volatility has especially increased.
At the same time, altcoins are performing quite strongly. Despite Bitcoin testing this resistance level, altcoins are moving along their own paths, with some making significant gains. Currently, Bitcoin's price movement shows an increase of about 0.42%, while the overall market is in an interesting state of balance.
Whether these levels will be broken in the short term remains a question. If it surpasses $78,000, a strong upward move could occur, but it seems risky to play at this point. For altcoin enthusiasts, this period appears to be quite profitable.