BTC Briefly Rebounds to Key Resistance Level

Bitcoin (BTC) experienced a brief rebound, reaching approximately $77,700, according to ChainCatcher. This movement touched a significant support and resistance level following its initial major pullback. On the Hyperliquid platform, a whale with the address starting 0x8ca opened a BTC short position using nine times leverage. The position, valued at $13 million, was established at an average price of $77,627. This move appears to be a strategic bet that the price will face resistance and decline near this level.