Bitcoin price continues to consolidate around $66,700, with significant liquidation imbalances in the derivatives market, indicating that the next move will be primarily driven by liquidity. Over $12 billion in short positions are concentrated above the current price, suggesting a potential short squeeze with target levels between $68,000 and $70,000. However, due to weak momentum and key resistance around $70,000 to $72,000, traders should wait for clear confirmation signals before entering positions.

As Bitcoin's price approaches $67,000 with intense fluctuations, Michael Saylor pointed out that Stretch (STRC) perpetual preferred stock is a low-volatility safe-haven asset, with a 30-day volatility of only 2% and an annual dividend yield of up to 11.5%. He stated that the returns from STRC are being actively used to increase Bitcoin holdings, with MicroStrategy aiming to hold 1 million Bitcoins on its balance sheet.

$BTC For some of you who really care about 'Learning' live market psychology. Observe the previous week candle. It has all the answers. The previous week low was 67.3k and closing was 67.8k. Both of these levels were my target for the scalp & swing longs I took on Saturday. Now What I expected was a short squeeze over the weekend to kick out the late shorts. The market did exactly that but not till $67.8k or $68k. And it came back down near the entry, and that too before a new Weekly Candle opens. Current Week Candle is about to close below the low and close point of it's previous week which can push the Monday opening to be a little more bearish than before. That is the sole reason I exited my longs. The previous week as well as the current week both have retraced the pump that came from $65k earlier in March. This seems to me to be a high value sell push. It's not healthy. We should wait either for the sweep or a big liquidation candle first in such cases. #btc #btcusdt #WinGoldBarsWithGrowthPoints #BitcoinWeakens #FedRateHikeExpectationsResurface $BTC ‌