Bought $85k. Next cluster: $87k.
Glassnode (The Block / Cointelegraph): bids around $85k were partly executed, the rest pulled. Above, sell-side liquidity is easing. The next batch of orders sits around $87k, about half as dense as the previous wall.
Kraken Spot (~14:51 UTC): session high at 87,229$, then digestion towards ~85.9k. QCP places resistance at 87.4k (towards 90k) and support at 82.5k, held three times this week.
Meanwhile, short liquidations $BTC ~122 M$ over 24h (CoinGlass / Cointelegraph), total crypto ~210 M$. The squeeze helped the breakout; the question is whether price can hold above the prior box range of 82k–85k.
Scenarios:
• Hold >85k then retest 87k / 87.4k: the next wall becomes the real test
• Net loss of 85k: back into the weekly range
• Soft invalidation: flush below 84k with OI dropping
Will the next wall at $87k be a magnet, or a ceiling for $BTC ?
#Bitcoin #Crypto #OrderBook
Glassnode (The Block / Cointelegraph): bids around $85k were partly executed, the rest pulled. Above, sell-side liquidity is easing. The next batch of orders sits around $87k, about half as dense as the previous wall.
Kraken Spot (~14:51 UTC): session high at 87,229$, then digestion towards ~85.9k. QCP places resistance at 87.4k (towards 90k) and support at 82.5k, held three times this week.
Meanwhile, short liquidations $BTC ~122 M$ over 24h (CoinGlass / Cointelegraph), total crypto ~210 M$. The squeeze helped the breakout; the question is whether price can hold above the prior box range of 82k–85k.
Scenarios:
• Hold >85k then retest 87k / 87.4k: the next wall becomes the real test
• Net loss of 85k: back into the weekly range
• Soft invalidation: flush below 84k with OI dropping
Will the next wall at $87k be a magnet, or a ceiling for $BTC ?
#Bitcoin #Crypto #OrderBook
