Above $66,000 is it a trend continuation or a false breakout?

Technical traders will focus on resistance levels, sentiment traders will watch KOLs, and capital traders will monitor liquidity. If the price stabilizes above $66,000, the trend structure will be reinforced, and the market will reprice risk appetite; if it only breaks through briefly and then falls back, that’s a “sentiment test.”
The $1.5 billion liquidation expectation is essentially the result of leverage accumulation. High leverage means amplified volatility; large volatility makes the direction more critical. What truly determines the market trend is not the liquidation number itself, but the market’s capacity to absorb after liquidation—are there sustained buy orders? Are institutional funds entering? Is there macroeconomic coordination?
From a psychological perspective, round numbers inherently carry symbolic meaning. After breaking through, social platforms will quickly heat up, and voices of “bull market return” will emerge one after another. But the market’s favorite activity is to create disagreements when consensus is strongest.
For example, $66,000 is like an exam. Liquidation is just the alarm; the real test is the trading volume and position structure. If volume and price rise together, the trend may continue; if trading volume is insufficient, short-term bulls might be “countered and educated.”
Stay steady, don’t let emotions place your trades.
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