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๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐๐๐ $๐๐๐ โ ๏ธ๐
$BTC has climbed back above the key $78,000 level, putting the market into another important decision zone.
But traders are still paying attention to one major signal:
๐ Spot demand remains relatively soft.
Current market picture:
๐ถ Bitcoin reclaimed an important short-term resistance level
๐ถ Liquidated shorts are helping push price higher
๐ถ Momentum can continue even without strong spot buying
๐ถ The $79.5Kโ$80K range is now a major area to watch
Possible outcomes:
๐ Short squeeze strengthens โ potential push toward $79.5Kโ$80K
๐ Weak spot demand continues โ increased risk of rejection and downside pressure
Key takeaway:
โ ๏ธ Strong rallies are usually supported by genuine spot demand.
If buyers fail to step in, price action can become dominated by leverage and liquidation-driven moves.
#bitcoin #GateSquareMayTradingShare