BTC Climbed to 77.700$ with 75.600$ Support: 80K Signal
BTC chart (CoinDesk Data)BTCs Strength at the $75,600 Support and Preparation for the $80,000 Push Bitcoin successfully held the critical $75,600 support and climbed to $77,700, recording a 1.8% daily gain. This level, which functioned as upper resistance during the weekly rally, has now become a solid base. Investors are evaluating the sustainability of this base by reviewing BTC detailed analysis. Technically, the $75,600 level aligns with the 61.8% Fibonacci retracement; the buying pressure from here, with RSI remaining neutral in the 55-60 band, signals a push toward $80,000. BTC OI Decline in Derivatives Markets: De-Risking Signals Open interest (OI) in derivatives markets fell to 715.60K BTC, reinforcing the de-risking trend. This decline reflects the liquidation of leveraged positions and risk-averse strategies. During the past week when the spot rally slowed, the OI decrease played a supportive role. Experts track this data via BTC futures and note that market liquidity has increased.MarketOI ChangeCurrent OIBTC DerivativesDecline715.60K BTCDOGE Futures+%1816.06B tokens 18% OI Surge in DOGE Futures OI in DOGE futures rose 18% in a single day to 16.06 billion tokens. This speculative appetite reflects the swelling risk desire in the market ahead of tech stocks earnings reports. Memecoin momentum is propelling DOGE to the forefront, while short-term