Traders Push Bitcoin Below $76K as $43M Long Liquidations Trigger Slide

first published 2026-04-28T03:48:14Z

Bitcoin peaked at $79,485 then pulled back to retest the former 3-month channel resistance at $76,688 after a decisive breakout. A deeper retest could reach the 20-day moving average near $75,250; confirmation of a support-resistance flip requires daily closes above the former trendline. Long-short delta favors longs (‑$38.6M delta, widening to ‑$153M if BTC reaches $77,500), while the aggregate order book shows a heavy ask wall at $79,700–$80,000 that may prevent an immediate push through $80K.

AI Analysis

Bullish bias is supported by a retest of former channel resistance at $76,688 after a breakout and long-short delta advantage for longs (‑$38.6M, widening to ‑$153M at $77,500). downside/buffer levels cited include the 20-day MA near $75,250 and liquidation of longs down to ~ $76,500; short-term upside is capped by an ask wall at $79,700–$80,000. All facts are taken from the summary.

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