■━━━━━━━━━━━━━━━□
It surged rapidly up to 87.2K, but couldn’t hold
□━━━━━━━━━━━━━━━■
The “wall” at 85.5–85.6K I was watching yesterday
Before the employment data, BTC rose to $87,249, but it couldn’t maintain the price and suddenly crashed to 83.8K
It’s currently back around 84.5K
It managed to break upward
But it looks like it failed to “stick” afterward
🔶This time, both the upside and downside were swept clean🔶
At the rise to 87K, short liquidations came in, and then during the subsequent sharp drop, the long side was liquidated as well
OI has also fallen significantly from the high zone, and is now down to about 54.3B
And the Spot CVD that had been improving yesterday has also lost momentum
15m
Futures CVD: -4.88B
Spot CVD: +130.3M
1H
Futures CVD: -7.87B
Spot CVD: +106.8M
Funding is around +0.002, so for now it’s not in a state of long overheating
🔶Key points to watch from here🔶
Currently around 84.5K
On the upside: 85.2–85.6K
Unless you can reclaim this area, it’s hard to think about a retry of 87K
If it’s reclaimed again, you’ll likely see 86K range → 87.1–87.25K checked again
On the downside: 84.0–84.2K
Since the 1H 200MA is also around here, if it breaks down and can’t bounce back, then
83.6–83.8K
↓
83.1K
↓
82.5–82.8K
are the levels to watch
At this point
Up: 25%
Range: 40%
Down: 35%
Short term: neutral to slightly bearish
Medium term: range continuation
Even if it flies up to 87K on the employment data, it eventually goes back to the 84K handle
Right now, it’s a matter of seeing where it will “stick” after the initial move of the event
Don’t chase in the middle of the 84K range
If up: 85.2–85.6K
If down: 84.0–84.2K
#BTC #ビットコイン
It surged rapidly up to 87.2K, but couldn’t hold
□━━━━━━━━━━━━━━━■
The “wall” at 85.5–85.6K I was watching yesterday
Before the employment data, BTC rose to $87,249, but it couldn’t maintain the price and suddenly crashed to 83.8K
It’s currently back around 84.5K
It managed to break upward
But it looks like it failed to “stick” afterward
🔶This time, both the upside and downside were swept clean🔶
At the rise to 87K, short liquidations came in, and then during the subsequent sharp drop, the long side was liquidated as well
OI has also fallen significantly from the high zone, and is now down to about 54.3B
And the Spot CVD that had been improving yesterday has also lost momentum
15m
Futures CVD: -4.88B
Spot CVD: +130.3M
1H
Futures CVD: -7.87B
Spot CVD: +106.8M
Funding is around +0.002, so for now it’s not in a state of long overheating
🔶Key points to watch from here🔶
Currently around 84.5K
On the upside: 85.2–85.6K
Unless you can reclaim this area, it’s hard to think about a retry of 87K
If it’s reclaimed again, you’ll likely see 86K range → 87.1–87.25K checked again
On the downside: 84.0–84.2K
Since the 1H 200MA is also around here, if it breaks down and can’t bounce back, then
83.6–83.8K
↓
83.1K
↓
82.5–82.8K
are the levels to watch
At this point
Up: 25%
Range: 40%
Down: 35%
Short term: neutral to slightly bearish
Medium term: range continuation
Even if it flies up to 87K on the employment data, it eventually goes back to the 84K handle
Right now, it’s a matter of seeing where it will “stick” after the initial move of the event
Don’t chase in the middle of the 84K range
If up: 85.2–85.6K
If down: 84.0–84.2K
#BTC #ビットコイン
