Bitcoin recovered about 6% in 24 hours to trade near $81,300 after rebounding from below $77,000, helped by a short squeeze (forced buying by bearish leveraged traders) and stronger technical momentum. The move reached an intraday high near $81,741 and pushed the cryptocurrency to its highest level in two weeks. More than $250 million in short positions were liquidated after Bitcoin reclaimed its True Market Mean near $76,660 and cleared resistance at $78,000 and $80,000. The 4-hour Supertrend (a trend-following price indicator) turned bullish, with support near $78,677, while the daily RSI (a momentum gauge) rose to 64.48 from 57.25 without yet reaching the commonly watched overbought level of 70. CoinGlass data shows concentrated liquidation liquidity around $81,800 to $82,000, followed by potential targets near $82,500 to $83,000 and $84,000. Analyst Ted Pillows said a break above $83,000 would confirm that a market bottom has formed, while analyst Gerla identified $101,000 to $105,000 as a conditional longer-term target if Bitcoin converts the $81,000 to $85,000 area into support. The rally came despite the Federal Reserve raising interest rates by 25 basis points, the U.S. Senate rejecting the CLARITY Act, nearly $746 million in midweek spot Bitcoin ETF outflows, and the Bank of Japan raising its benchmark rate to 1.25%. A failure to hold $80,000 would refocus attention on support between $78,300 and $78,700.