Aug. 18 at 11:48 PM
$MARA Bitcoin just broke its descending resistance trendline — the crypto tailwind is turning bullish again.
MARA's RSI sits in the mid-30s, the exact zone that fueled two explosive rallies (+17.6%, +5.6%) this past month.
Short interest across the miner sector is 15-18%+ — one spark and shorts are forced to cover, fast.
Today's drop was a rates story, not a MARA story: nothing broke fundamentally, and BTC held near
$65K the whole time.
MARA's 35,577 BTC treasury moves directly with Bitcoin's strength, and Bitcoin just flashed a breakout.
Oversold momentum + a BTC trigger + a crowded short base is the exact recipe that already produced two double-digit squeezes this cycle.
The setup for a sharp move higher right now is about as clean as it gets.