Writing
โ ๏ธ BTC LONGS JUST TOOK ANOTHER HIT!
๐ด #BTC Liquidated Long: $68K at $84,781.00
Bitcoin just flushed a $68K leveraged long around $84,781, showing that buyers are being tested directly beneath the $85K psychological barrier.
๐ MARKET CHECK: BTC is trading around $84.7K, with todayโs range roughly $84.5Kโ$85.0K. The recent price action confirms that $85K remains the key battleground.
๐ฏ MY TRADING VIEW
This liquidation is a short-term warning for bulls, but it doesn't confirm a full bearish reversal.
๐ข Bullish setup: BTC reclaims $85K and holds โ $85.5K โ $86K โ $87K
๐ด Bearish reaction: Failure at $85K followed by a break below $84.5K โ potential slide toward $84K, with $83.5K becoming the next downside zone.
๐ฅ BIAS: CAUTIOUS BULLISH ABOVE $85K
Resistance: $85,000
Breakout trigger: $85K+ hold
Upside targets: $85.5K โ $86K โ $87K
Key support: $84.5K โ $84K
๐ฅ Signal takeaway: The $68K long wipeout is another shakeout near resistance. If BTC absorbs this selling and breaks $85K decisively, the trapped shorts could provide additional fuel for the next upside push.
Not financial advice. Manage leverage carefully and use a defined risk plan.
#SECHaltsCryptoETFReviewsAmidFundingLapse #GreekPoliceBustCryptoScamRingArrest17 #CerebrasSinksNearly20%OnReportNvidiaToPowerOpenAI #SECProposesCryptoCustodyRules #FedOctoberRateHikeOddsFallTo17%
โ ๏ธ BTC LONGS JUST TOOK ANOTHER HIT!
๐ด #BTC Liquidated Long: $68K at $84,781.00
Bitcoin just flushed a $68K leveraged long around $84,781, showing that buyers are being tested directly beneath the $85K psychological barrier.
๐ MARKET CHECK: BTC is trading around $84.7K, with todayโs range roughly $84.5Kโ$85.0K. The recent price action confirms that $85K remains the key battleground.
๐ฏ MY TRADING VIEW
This liquidation is a short-term warning for bulls, but it doesn't confirm a full bearish reversal.
๐ข Bullish setup: BTC reclaims $85K and holds โ $85.5K โ $86K โ $87K
๐ด Bearish reaction: Failure at $85K followed by a break below $84.5K โ potential slide toward $84K, with $83.5K becoming the next downside zone.
๐ฅ BIAS: CAUTIOUS BULLISH ABOVE $85K
Resistance: $85,000
Breakout trigger: $85K+ hold
Upside targets: $85.5K โ $86K โ $87K
Key support: $84.5K โ $84K
๐ฅ Signal takeaway: The $68K long wipeout is another shakeout near resistance. If BTC absorbs this selling and breaks $85K decisively, the trapped shorts could provide additional fuel for the next upside push.
Not financial advice. Manage leverage carefully and use a defined risk plan.
#SECHaltsCryptoETFReviewsAmidFundingLapse #GreekPoliceBustCryptoScamRingArrest17 #CerebrasSinksNearly20%OnReportNvidiaToPowerOpenAI #SECProposesCryptoCustodyRules #FedOctoberRateHikeOddsFallTo17%