🚨 $BTC cae drops below US$84,000: our thesis enters the testing zone
After approaching US$87,000, Bitcoin fell back below US$84,000.
In about four hours, around US$280M in long positions were liquidated (leveraged trades betting on a rise).
📌 What changes?
In our previous update, we marked:
🟢 US$83k–85k: a pullback still compatible with the bullish structure.
🟡 US$82k–83k: losing this zone would start to deteriorate the thesis.
🔴 < US$80k: main invalidation.
For now, the thesis is NOT invalidated, but it’s facing its first major test since the breakout.
👀 Now I would watch:
➡️ Recovering US$85k–86k: would favor the scenario of a temporary correction.
➡️ Losing US$82k–83k: a sign of weakness.
➡️ Losing US$80k on a sustained basis: thesis invalidated.
⚠️ I wouldn’t assume yet that the drop is over, or that it automatically becomes a buying opportunity.
First, I want to see how $BTC responds in this area.
📊 FOLLOW-UP / ALERT
Conviction: 95/100
#BTC #Bitcoin #Crypto
After approaching US$87,000, Bitcoin fell back below US$84,000.
In about four hours, around US$280M in long positions were liquidated (leveraged trades betting on a rise).
📌 What changes?
In our previous update, we marked:
🟢 US$83k–85k: a pullback still compatible with the bullish structure.
🟡 US$82k–83k: losing this zone would start to deteriorate the thesis.
🔴 < US$80k: main invalidation.
For now, the thesis is NOT invalidated, but it’s facing its first major test since the breakout.
👀 Now I would watch:
➡️ Recovering US$85k–86k: would favor the scenario of a temporary correction.
➡️ Losing US$82k–83k: a sign of weakness.
➡️ Losing US$80k on a sustained basis: thesis invalidated.
⚠️ I wouldn’t assume yet that the drop is over, or that it automatically becomes a buying opportunity.
First, I want to see how $BTC responds in this area.
📊 FOLLOW-UP / ALERT
Conviction: 95/100
#BTC #Bitcoin #Crypto