Market Note: BTC Holding Above $86K
We tracked a $67.4K short liquidation around $86,582.20, which suggests some bearish leverage was caught as BTC maintained strength above $86K.
Price appears to be consolidating below a notable resistance zone of $87K-$87.5K.
What I'm watching:
• A potential upside continuation if we see a strong 4H close above $87.5K backed by spot demand • Support zone $85.5K-$86K on any pullback
Bias & Action: Cautiously bullish but waiting for confirmation. No entry until $87.5K breaks and retests as support. Otherwise, patience for a dip toward support.
Risk Rule: If entering on breakout, invalidation is below $86K, with stop-loss at $85,400. Risk only what you can afford to lose.
This is market commentary for educational purposes only, not financial advice.
#FedOctoberHoldOdds82.3% #Bitcoin❗ #BitEagleNews
We tracked a $67.4K short liquidation around $86,582.20, which suggests some bearish leverage was caught as BTC maintained strength above $86K.
Price appears to be consolidating below a notable resistance zone of $87K-$87.5K.
What I'm watching:
• A potential upside continuation if we see a strong 4H close above $87.5K backed by spot demand • Support zone $85.5K-$86K on any pullback
Bias & Action: Cautiously bullish but waiting for confirmation. No entry until $87.5K breaks and retests as support. Otherwise, patience for a dip toward support.
Risk Rule: If entering on breakout, invalidation is below $86K, with stop-loss at $85,400. Risk only what you can afford to lose.
This is market commentary for educational purposes only, not financial advice.
#FedOctoberHoldOdds82.3% #Bitcoin❗ #BitEagleNews
