Bitcoin Flash Rally Reversed — Watch for Confirmed Breakout

I saw Bitcoin spike to fresh highs only to have most gains erased within hours. The move looked like a classic short-term liquidations and profit-taking event rather than a clean breakout.

From what I observed, weak spot liquidity, aggressive derivatives positioning and nearby technical resistance combined with headline-driven flows to reverse the rally. That created a fast unwind that punished late buyers.

I’m watching for sustained volume and a clean close above the prior high before treating this as a confirmed breakout; otherwise I’d expect choppy action and range-bound volatility for the near term.