Goldseeker

$BTC 4H
Bitcoin is holding the rising trendline below a key resistance zone.
A breakout could push $BTC higher.

The crypto market just witnessed a massive liquidation wave, with 77,797 traders/investors liquidated over the last 24 hours.
- Total Liquidations: $323.98M
- Short Liquidations: $209M+
- $BTC : $135.54M liquidated
- $ETH : $45.31M
The most striking figure is Bitcoin, accounting for roughly $135.5M in liquidations alone.
Ethereum followed with more than $45M, while several altcoins also experienced significant forced-position closures.
What makes this liquidation event particularly interesting is the $209M+ in short liquidations.
That means a substantial portion of the traders caught in the move were positioned for downside and were forced out as price moved against them.
This is a classic reminder of how quickly leveraged positions can amplify market volatility.
When large amounts of shorts are liquidated, forced buying can add further upward pressure to the market. At the same time, liquidation clusters can create sharp price swings as exchanges automatically close overleveraged positions.
$BTC remains the center of attention, with the largest liquidation volume by a wide margin.
The key question now is whether this liquidation event represents a temporary leverage reset or the beginning of another major market move.
$323.98M wiped out. 77,797 positions liquidated. Bitcoin led the liquidation wave.
The market just reminded everyone:
Leverage cuts both ways.

Solana (SOL) Technical Outlook – Bulls Defend the Breakout Zone
SOL is trading around $119.75, holding above the major EMA structure after a strong recovery from the lower support zones. Price is now consolidating near the $120–$122 resistance area.
📈 EMA Structure
20 EMA: $114.27
50 EMA: $104.36
100 EMA: $95.87
200 EMA: $95.62
Price is currently above all major EMAs, supporting a constructive short-term trend.
The 20 EMA remains above the 50/100/200 EMA structure, showing continued bullish momentum.
🔑 Key Resistance
$120.10–$121.96: Immediate resistance zone
$129.49: Major Fibonacci resistance
$130–$135: Higher resistance zone
$150.08: 0.5 Fibonacci level
$170.67: 0.618 Fibonacci level
A clean break and close above $121.96 could strengthen the upside structure toward $129.49–$130 and potentially higher Fibonacci levels.
🛡️ Key Support
$117.68–$119.75: First support zone
$114.27–$114.35: Key EMA support
$111.04–$113.71: Important short-term support zone
$109.84: Deeper structural support
$104.36: 50 EMA support
Holding above $114–$117 keeps the current recovery structure intact.
📊 RSI
RSI: 63.56 — momentum remains bullish.
RSI is holding above 50 and has not yet reached extreme overbought conditions, leaving room for further upside if buying pressure continues.
🎯 Outlook
SOL has shifted into a strong recovery structure, with price reclaiming major levels and remaining above the key EMA cluster. The current consolidation around $120 is now the main area to watch.
Bullish scenario: Hold $117.68–$119 → reclaim $121.96 → target $129.49, $130–$135 and $150.08.
Bearish scenario: Lose $117.68 → $114.27 becomes the key support; a break below $111–$109.84 would weaken the current bullish structure.
Bias: Short-term bullish above $114.27–$117.68, while $121.96 is the key breakout level.
$SOL ‌

📜 US SENATE INTRODUCES CRYPTO TAX BILL!
US Senate Republicans have officially introduced a new crypto tax bill.
The main focus of this bill is to clarify the reporting and taxation rules for digital assets.