📈 Bitcoin Breaks Above $85,000!
On Monday, BTC cleared the $80,000-$82,000 supply wall on roughly $300M in short liquidations and pushed up to $85,000. 🚀
🔹 Long-term holder selling has slowed by 80% in three weeks, and most recent sales were at a loss. Many read this as a sign of selling exhaustion.
🔹 On the macro side, Chicago Fed's Goolsbee said rates may need to rise further if inflation stays above 2%.
Buying pressure is returning, but macro risks remain. Don't trade on FOMO. Stick to your plan and manage your risk. 💪
⚠️ Not financial advice. Do your own research.
#Bitcoin #BTC #crypto #Binance
On Monday, BTC cleared the $80,000-$82,000 supply wall on roughly $300M in short liquidations and pushed up to $85,000. 🚀
🔹 Long-term holder selling has slowed by 80% in three weeks, and most recent sales were at a loss. Many read this as a sign of selling exhaustion.
🔹 On the macro side, Chicago Fed's Goolsbee said rates may need to rise further if inflation stays above 2%.
Buying pressure is returning, but macro risks remain. Don't trade on FOMO. Stick to your plan and manage your risk. 💪
⚠️ Not financial advice. Do your own research.
#Bitcoin #BTC #crypto #Binance
