Bitcoin is trading at $73,822-up 3.32% in the last 24 hours, nearly 10% over a week, and 7.4% over a month. The crypto market capitalization stands at $2.51 trillion, with the Fear and Greed Index shifting from fear to neutral.
Liquidations totaled $122 million in the past day-$107 million from short positions-reflecting a pronounced short squeeze. Open interest rose 6.16%.
The 4-hour BTC/USD chart shows a recent high of $74,444. A decisive break above $74,000 could target $75,000-and potentially $80,000-if buying pressure holds. Failure to sustain above $74,000 risks a retreat toward $72,000 or $70,000.
RSI at 72.62 and a MACD line above zero confirm strong bullish momentum-though overbought conditions suggest possible near-term consolidation.