Bitcoin Short Squeeze Triggers $63K Rebound: Dovish Macro Data and Snapped ETF Outflow Streak Revive Bulls
Bitcoin (BTC) staged a dynamic relief rally, climbing 1.19% to $63,392.39 following weaker-than-expected U.S. employment data and the reversal of a 10-day spot ETF outflow streak. While macro rate repricing has triggered massive short liquidations, long-term indicators warn that sustainable recovery hinges on breaking key overhead resistance near $65,000.