🚨BTC suddenly plunges—has $87K become a “ceiling”?
After failing to break above $87K, it turned around and dropped straight to around $83K. It’s down over 4% in 24 hours, while ETH is even worse, down over 5%. The whole market is starting to panic, and leveraged longs are getting liquidated again.
But I don’t think this means the bull market is over.
The real danger right now isn’t BTC falling—it’s **failing to hold $83K**. $83K is the first line of defense in the short term. If it breaks, I’ll be watching $80K.
My strategy is simple:
Don’t chase shorts around $83K; wait for panic selling.
If it climbs back above $86.5K, then I’ll consider adding to my position.
🔥My take: this is a leverage flush, not a bull market reversal.
Do you think $80K is really coming?
$BTC
After failing to break above $87K, it turned around and dropped straight to around $83K. It’s down over 4% in 24 hours, while ETH is even worse, down over 5%. The whole market is starting to panic, and leveraged longs are getting liquidated again.
But I don’t think this means the bull market is over.
The real danger right now isn’t BTC falling—it’s **failing to hold $83K**. $83K is the first line of defense in the short term. If it breaks, I’ll be watching $80K.
My strategy is simple:
Don’t chase shorts around $83K; wait for panic selling.
If it climbs back above $86.5K, then I’ll consider adding to my position.
🔥My take: this is a leverage flush, not a bull market reversal.
Do you think $80K is really coming?
$BTC