Bitcoin Tests $76K Resistance Amid Ceasefire Rally and Short Squeeze

Bitcoin is testing $76,000 resistance for a third day as a 10-day Israel-Lebanon ceasefire and US-Iran truce hopes boost risk appetite, with prices at $75,440 intraday (up 1.39% from $73,050 low). Derivatives heated up: volume rose 28% to $225.8B, open interest climbed 1.5% to $126.68B, and liquidations surged 140% to $529M amid a short squeeze erasing $80M in shorts. $450M sell orders loom at $75,900–$76,300, but a 100-day MA break could target $80K–$84K.