Did you see that bounce? From $60k to $70k in the blink of an eye. $BTC
Today's movement has been a masterclass in how the market cleans out the "weak hands" before taking off. Just a few hours ago, we were all staring into the abyss at $60,180 and, while many were panicking and selling, the whales seemed to have had a feast.
We're back at $70,000!
What this movement leaves us with (so we don’t forget): The perfect trap: That drop below $63k was the definitive "shakeout." They liquidated those who were over-leveraged and cleared the path for this bounce of more than 12% in a single day.
The steel support: The $60k confirmed to be the zone where the big buyers are standing with their checkbooks open. Seeing that level hold gives a confidence we didn't have two days ago.
Let’s not sing victory just yet: Recovering $70k is psychologically brutal, but now we need to consolidate. The market remains volatile and the correlation with the Nasdaq is strong, so watch out for the next 4-hour candles.
My reading: If we close the day above $70,500, the message is clear: the aggressive correction could have ended here. But please, don’t jump in now with everything out of pure FOMO. Wait to see if the price settles.
How many of you managed to catch that dip near $60k? Or did you wait for it to drop further? Share your trades from today, it has been wild. 👇
#bitcoin #btc70k #BinanceSquare #CryptoRebound
Today's movement has been a masterclass in how the market cleans out the "weak hands" before taking off. Just a few hours ago, we were all staring into the abyss at $60,180 and, while many were panicking and selling, the whales seemed to have had a feast.
We're back at $70,000!
What this movement leaves us with (so we don’t forget): The perfect trap: That drop below $63k was the definitive "shakeout." They liquidated those who were over-leveraged and cleared the path for this bounce of more than 12% in a single day.
The steel support: The $60k confirmed to be the zone where the big buyers are standing with their checkbooks open. Seeing that level hold gives a confidence we didn't have two days ago.
Let’s not sing victory just yet: Recovering $70k is psychologically brutal, but now we need to consolidate. The market remains volatile and the correlation with the Nasdaq is strong, so watch out for the next 4-hour candles.
My reading: If we close the day above $70,500, the message is clear: the aggressive correction could have ended here. But please, don’t jump in now with everything out of pure FOMO. Wait to see if the price settles.
How many of you managed to catch that dip near $60k? Or did you wait for it to drop further? Share your trades from today, it has been wild. 👇
#bitcoin #btc70k #BinanceSquare #CryptoRebound
