Bitcoin Surges Past $81K, Altcoins Ignite as Bears Face $370M Blowout

Bitcoin ignited a massive rally on Thursday, stunning markets with an aggressive comeback that obliterated more than $370 million in short positions in just 24 hours. After flirting dangerously with support at $73,777, the crypto king bounced back with a vengeance, reclaiming the $81,000 level and restoring bullish hopes across the board.

BTC Recovers as Bears Get Wrecked

With sell pressure mounting early in the week, many anticipated a breakdown. However, the bulls defended critical support twice—on Monday and Wednesday—triggering a reversal backed by strong volume, particularly on Binance’s BTC/USDT pair.

Technical indicators lit up with bullish signals:

• On-Balance Volume (OBV) curled upward,
• RSI reset and now trends toward strength,
• A TBT Bullish Divergence on the 4-hour chart offered early clues to the turnaround.

Still, Bitcoin faces a key resistance near $85,750 and hasn’t yet broken above the TBO Cloud, which typically signals confirmation of a trend shift.

$87K in Sight – But Watch for a Cooldown

The road ahead is challenging. Bitcoin’s weekly TBO Fast line sits around $87,000, a level bulls must conquer to validate a broader trend reversal. A rapid run to $94,000 remains plausible—but any sustained move will require increased volume and market confirmation.

Ethereum Trails as BTC Leads

While Bitcoin leads the recovery, Ethereum is lagging. ETH has yet to fill its CME gap and remains structurally weak. Volume remains modest, and ETH hasn’t signaled a bullish reversal via the TBO indicators. Bitcoin’s dominance in this cycle is clear, with ETH still waiting in the wings.

Altcoins Light Up: XRP, SOL, ONDO Explode Higher

As Bitcoin reclaimed its momentum, altcoins surged. Highlights from the session include:

• XRP: +14%, holding above key support at 1.7711, but still needs to clear 2.12 to confirm bullish continuation.
• SOL: Broke resistance and filled its CME gap—bulls now need to hold above the daily TBO Cloud.
• ADA: Bounced 13%, narrowly avoiding breakdown.
• ONDO: Rocketed 40% with surging volume.
• TAO, KAS, HYPE, FLR: Posted double-digit gains, many confirming bullish divergences.
• FLR shocked markets with a 67% surge, while BERA skyrocketed an eye-popping 135%, followed by XCN (+66%).

Even meme coins and lower-caps got in on the action—FARTCOIN and HEX printed bullish divergences, teasing further upside if momentum holds.

Caution Still Warranted: One Green Day Isn’t a Bull Market

Despite the fireworks, traders are urged to remain grounded. Many assets remain below major resistance levels, and one explosive day doesn’t erase broader bearish structures. Volume, follow-through, and accumulation are still essential for a sustained uptrend.

Bottom Line: Bullish Momentum Awakens—but the Test Is Just Beginning

The market’s bounce has flipped sentiment overnight, but the path to full recovery is long. Bitcoin must break above $85K and stay there. Altcoins need to reclaim key levels and consolidate gains. With volatility back in play, the coming days will determine whether this is just a dead-cat bounce—or the start of a new bullish chapter.

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