BTC teeters on the edge of falling below $84,000 as bulls and bears clash once again!
Bitcoin briefly fell to $83,560, but found support near the 21-day moving average at $83,850, suggesting that short-term buyers are still holding the line.
Notably, a 40x leveraged BTC short position appeared on Hyperliquid before the sharp drop. Highly leveraged positions may also amplify market volatility.
Analyst Rekt Capital believes that for BTC to confirm its uptrend is continuing, it needs to close above $86,700 on at least a daily or three-day basis. #比特币跌破8.4万美元
Bitcoin briefly fell to $83,560, but found support near the 21-day moving average at $83,850, suggesting that short-term buyers are still holding the line.
Notably, a 40x leveraged BTC short position appeared on Hyperliquid before the sharp drop. Highly leveraged positions may also amplify market volatility.
Analyst Rekt Capital believes that for BTC to confirm its uptrend is continuing, it needs to close above $86,700 on at least a daily or three-day basis. #比特币跌破8.4万美元