$BTC did not weaken in a one-way move today; instead, it quickly reclaimed support after losing it. The 85,500 support level set this morning was breached intraday, with a full 1-hour candle closing as low as 85,267. Price then dipped to 85,073, just about $173 above the 84,900 level to watch; before 5 p.m., it had rebounded to around 85,996.
Meanwhile, open interest over 24 hours was still down about 3.19%, and the funding rate was around -0.0036%. Price recovered while leverage continued to exit, which looks more like spot buying after deleveraging than a concentrated rush of new longs.
Result: The condition for losing 85,500 was triggered, while the 84,900 and 86,400 reclaim conditions were not. There was no entry plan this morning, so no entry was made. Holding above 85,500 again in the short term is neutral; only a high-volume move above 86,400 would restore the possibility of extending toward 86,980. If price closes below 85,500 again, 84,900 remains in view. #BTC #日内复盘 #MarketWatch
Meanwhile, open interest over 24 hours was still down about 3.19%, and the funding rate was around -0.0036%. Price recovered while leverage continued to exit, which looks more like spot buying after deleveraging than a concentrated rush of new longs.
Result: The condition for losing 85,500 was triggered, while the 84,900 and 86,400 reclaim conditions were not. There was no entry plan this morning, so no entry was made. Holding above 85,500 again in the short term is neutral; only a high-volume move above 86,400 would restore the possibility of extending toward 86,980. If price closes below 85,500 again, 84,900 remains in view. #BTC #日内复盘 #MarketWatch