⚡【Unusual Move】BTC plunges, then snaps back
📉 Dropped from 86,098 to 85,072.7 in 15 minutes, down over 1%
💰 Current price: 85,224.9, -0.71%; it has already recovered part of the drop
📊 Order book: 39.45% buy vs. 60.55% sell; sellers still have the upper hand
📍 Analysis
① This sharp drop came with a surge in trading volume (VOL jumped from the usual dozens to 3.7K), clearly indicating heavy selling by large orders
② It rebounded quickly after falling below 85,072, suggesting there was buying support below—not a bottomless decline
③ MA7 (85,412) has fallen below MA25 (85,555), signaling short-term weakness, while MA99 (85,758) remains not far above
🎯 Whether it can reclaim 85,412 (MA7) is key to determining whether this sharp drop was a shakeout or a trend reversal
💬 When a sharp drop is followed by an instant rebound like this, do you think it’s shaking out retail traders or real money selling?
$BTC $ETH $SOL
📉 Dropped from 86,098 to 85,072.7 in 15 minutes, down over 1%
💰 Current price: 85,224.9, -0.71%; it has already recovered part of the drop
📊 Order book: 39.45% buy vs. 60.55% sell; sellers still have the upper hand
📍 Analysis
① This sharp drop came with a surge in trading volume (VOL jumped from the usual dozens to 3.7K), clearly indicating heavy selling by large orders
② It rebounded quickly after falling below 85,072, suggesting there was buying support below—not a bottomless decline
③ MA7 (85,412) has fallen below MA25 (85,555), signaling short-term weakness, while MA99 (85,758) remains not far above
🎯 Whether it can reclaim 85,412 (MA7) is key to determining whether this sharp drop was a shakeout or a trend reversal
💬 When a sharp drop is followed by an instant rebound like this, do you think it’s shaking out retail traders or real money selling?
$BTC $ETH $SOL