📉 Bitcoin falling.. Healthy correction or a trap for the bears? 🐻
Hey guys, the recent rebound from the 87,000$ level and the drop down to below 84,000$ (we’re trading now around $83,188) gives a clear signal that the market needs to catch its breath.
Rising U.S. bond yields are putting pressure on high-risk assets, and the upcoming huge options contracts expiration next Friday worth $14 billion has traders in a state of extreme caution and watchfulness.
⚠️ The expected scenario ahead:
First support zone: the 82,500$ levels. If it breaks strongly, we may quickly open the door to testing the important psychological support area at $80,000.
Bro tip: Don’t rush into leveraged “Long” trades right now; wait for price stability so the picture becomes clear and you avoid liquidations.
💬 Comment with me: Do you think the current drop is just a small correction and we’ll bounce back up? Or will the bears take control of the market and we’ll see lower levels? 👇
#Bitcoin #BTC #CryptoMarket #BinanceSquare #Bearish #CryptoTrading
(Personal technical update on price action, not investment advice. Always DYOR).
Hey guys, the recent rebound from the 87,000$ level and the drop down to below 84,000$ (we’re trading now around $83,188) gives a clear signal that the market needs to catch its breath.
Rising U.S. bond yields are putting pressure on high-risk assets, and the upcoming huge options contracts expiration next Friday worth $14 billion has traders in a state of extreme caution and watchfulness.
⚠️ The expected scenario ahead:
First support zone: the 82,500$ levels. If it breaks strongly, we may quickly open the door to testing the important psychological support area at $80,000.
Bro tip: Don’t rush into leveraged “Long” trades right now; wait for price stability so the picture becomes clear and you avoid liquidations.
💬 Comment with me: Do you think the current drop is just a small correction and we’ll bounce back up? Or will the bears take control of the market and we’ll see lower levels? 👇
#Bitcoin #BTC #CryptoMarket #BinanceSquare #Bearish #CryptoTrading
(Personal technical update on price action, not investment advice. Always DYOR).