🚨 BITCOIN FALLS BELOW US$85,000: OUR THESIS TRIGGERS THE SECOND SIGNAL
On October 2, we set out two clear conditions for Bitcoin:
reclaim and hold US$87,000 to strengthen the bullish scenario, or fall significantly below US$85,000 to reassess the risk.
The second just happened.
BTC fell from approximately US$85,500 to US$83,600–83,800 and, several hours later, is still trading below US$85,000.
💥 During the move, approximately US$403 million in leveraged long positions (trades using borrowed money to bet on a rise) were liquidated in just one hour.
When those positions reach certain loss levels, exchanges automatically close them. That forced selling can accelerate the decline even further.
⚠️ HAS THE ENTIRE STRUCTURE CHANGED?
Not yet.
The drop below US$85k weakens our short-term outlook, but BTC remains within a broader range, and now we need to see whether it absorbs the sweep or deepens the decline.
📌 RECLAIMS US$85K
This would be the first sign of relief and could indicate that part of the move was a leverage flush.
📌 STAYS BELOW US$85K
Weakness increases, and our bullish condition of reclaiming US$87k becomes even more distant.
📌 FALLS BELOW US$83K WITH CONFIRMATION
That would mean further deterioration, and we would reassess the structure.
For now, I wouldn’t chase either buys or sells amid this volatility.
Confirmation first. Decision afterward.
📌 ALERT / FOLLOW-UP / OBSERVATION
#bitcoin #BTC #crypto #Binance
On October 2, we set out two clear conditions for Bitcoin:
reclaim and hold US$87,000 to strengthen the bullish scenario, or fall significantly below US$85,000 to reassess the risk.
The second just happened.
BTC fell from approximately US$85,500 to US$83,600–83,800 and, several hours later, is still trading below US$85,000.
💥 During the move, approximately US$403 million in leveraged long positions (trades using borrowed money to bet on a rise) were liquidated in just one hour.
When those positions reach certain loss levels, exchanges automatically close them. That forced selling can accelerate the decline even further.
⚠️ HAS THE ENTIRE STRUCTURE CHANGED?
Not yet.
The drop below US$85k weakens our short-term outlook, but BTC remains within a broader range, and now we need to see whether it absorbs the sweep or deepens the decline.
📌 RECLAIMS US$85K
This would be the first sign of relief and could indicate that part of the move was a leverage flush.
📌 STAYS BELOW US$85K
Weakness increases, and our bullish condition of reclaiming US$87k becomes even more distant.
📌 FALLS BELOW US$83K WITH CONFIRMATION
That would mean further deterioration, and we would reassess the structure.
For now, I wouldn’t chase either buys or sells amid this volatility.
Confirmation first. Decision afterward.
📌 ALERT / FOLLOW-UP / OBSERVATION
#bitcoin #BTC #crypto #Binance