The Fed just raised interest rates to 4.00%, but why is $BTC still standing firm and hovering close to the $84,000 mark instead of getting sold off?
At the time of writing, $BTC is trading around $83,965.4 (+4.64% over the past 24 hours). The market has absorbed macro pressure better than expected—mostly thanks to bullish sentiment as the SEC is set to pilot a regulatory framework for tokenized securities. However, this week mid-week, a series of U.S. employment data and durable goods orders will be released—so short-term risks are still there.
From a trading standpoint, the $84,000 level is a make-or-break battle zone:
- Breakout scenario: You need a decisive closing candle above $84,000 with dominant buying volume to confirm.
- Risk scenario (bull trap): A stop-hunt spike is likely to wick out the Short positions’ liquidations before snapping back to retest support below.
My view right now: Stay patient and absolutely don’t enter positions chasing right up to the hard resistance. When trading futures, prioritize lowering leverage and always set a stop-loss.
So, fellow traders—what do you think about this move of $BTC : is it a liquidation trap or a real breakout? Discuss with me below! 👇
#BTC #Bitcoin #Crypto #Phantich
At the time of writing, $BTC is trading around $83,965.4 (+4.64% over the past 24 hours). The market has absorbed macro pressure better than expected—mostly thanks to bullish sentiment as the SEC is set to pilot a regulatory framework for tokenized securities. However, this week mid-week, a series of U.S. employment data and durable goods orders will be released—so short-term risks are still there.
From a trading standpoint, the $84,000 level is a make-or-break battle zone:
- Breakout scenario: You need a decisive closing candle above $84,000 with dominant buying volume to confirm.
- Risk scenario (bull trap): A stop-hunt spike is likely to wick out the Short positions’ liquidations before snapping back to retest support below.
My view right now: Stay patient and absolutely don’t enter positions chasing right up to the hard resistance. When trading futures, prioritize lowering leverage and always set a stop-loss.
So, fellow traders—what do you think about this move of $BTC : is it a liquidation trap or a real breakout? Discuss with me below! 👇
#BTC #Bitcoin #Crypto #Phantich
