Bitcoin Breaks Short-Term Support as Sellers Take Control
Bitcoin experienced a sharp $1,900 drop in just 15 minutes, triggering over $200 million in long liquidations and wiping $60 billion from the total crypto market capitalization.
After hours of consolidation, $BTC lost its short-term support, falling rapidly from the $81,000 region down toward $79,500.
Key Market Levels to Watch:
Immediate Resistance: $80,000 – $80,500
Market Outlook: As long as price action remains below the $80K–$80.5K zone, the short-term market structure stays bearish, leaving the door open for further downside pressure.
$BTC
#USAugustAvgHourlyEarningsRise3.1% #USAugustNonfarmPayrollsDueToday
Bitcoin experienced a sharp $1,900 drop in just 15 minutes, triggering over $200 million in long liquidations and wiping $60 billion from the total crypto market capitalization.
After hours of consolidation, $BTC lost its short-term support, falling rapidly from the $81,000 region down toward $79,500.
Key Market Levels to Watch:
Immediate Resistance: $80,000 – $80,500
Market Outlook: As long as price action remains below the $80K–$80.5K zone, the short-term market structure stays bearish, leaving the door open for further downside pressure.
$BTC
#USAugustAvgHourlyEarningsRise3.1% #USAugustNonfarmPayrollsDueToday
