There’s something happening in Bitcoin that deserves much more attention than simply looking at the green candle.

O BTC returned to the US$86–87K range, reaching levels we haven’t seen since January. And the move came alongside a strong short-squeeze: more than US$750 million in liquidations were recorded over the last 24 hours, with shorts making up the majority of that volume.


That explains part of the speed of this move.

Now comes the part I’m really interested in:

$87K.

This region can separate a simple short squeeze from a recovery with a more convincing structure.

If BTC manages to break through and, most importantly, hold above this region, I want to observe the next moves before drawing any conclusions.

Because there’s a huge difference between:

šŸ“ˆ ā€œthe price went upā€

and

šŸ“Š ā€œthe market structure has changedā€.


And that’s exactly the difference I’m tracking right now.


Another interesting point: BTC reached a level above $86K today, while the traditional market also showed a strong appetite for risk assets.


So my question for you is:


Are we looking at the start of a new bullish leg, or is the market just delivering a strong relief after the drop?


I’m not going to try to guess.


I’ll wait for the price to confirm.


$BTC $ETH $SOL

šŸ‘‡ I want your take:

$87K is resistance, or the next Bitcoin support?


#Bitcoin #BTC ##MultiversXPlansHardForkRecovery #NEARRisesNearly80%InAWeek #CryptoTrading #BitcoinAnalysis #Altcoins!