#BTC The Chinese brought the heat last night. They manipulatively forced stop-losses and triggered a cascade of liquidations. Now it’s important to hold above 83k and then break above 84. Otherwise, we’ll keep falling. I’m waiting for a pullback to 84, where we’ll watch for a reversal into a short or a breakout above that level and a further rise to 85+. So far, the situation isn’t looking good. Overnight, they sold off almost everything they bought yesterday.
The last line of defense is 82k. If we move below it and hold there, then no longs again today. As I wrote earlier, I’m looking to short at 77–75.