4.14 Biggest short liquidation in the past two months 1. The breakdown of US-Iran negotiations didn’t push BTC below the EMA20. After a pullback, it surged with volume, now just one step away from breaking out of the 2-month consolidation zone. 2. A large number of retail traders crowded into the $70,000-$76,000 range to short, which was one of the reasons for yesterday’s rapid pump. Over $220M in short positions were liquidated, acting as fuel for acceleration. 3. BTC will first break through $76,000, liquidate short-term shorts, make slight adjustments, and then aim for above $80,000.