10/8 midday #BTC 83,000 defense battle, spot dip-buying levels + futures reminder
BTC is currently at 82,940, down 1.38% in one hour. About 550 million was liquidated in the past 24 hours, all longs getting flushed.
Spot dip-buying:
First entry: 82,500–82,800
Second entry: 81,000–81,500
Stop-loss: Exit if the daily candle body breaks below 80,000
Take-profit: Sell half at 84,400–84,800; hold the rest for 86,000
Futures cautions:
Keep leverage to 3–5x; don’t chase the price
Long on a dip at 82,600–82,800; stop-loss at 81,900; target 84,300
Consider a short only if price stalls above 84,400; stop-loss at 84,900
If support breaks, wait for confirmation from a 4H candle body before following through. Don’t gamble on direction at mid-range prices.
In short: scale into spot positions, and keep your hands off the futures.
#BTC #Futures #Spot #BinanceMining
BTC is currently at 82,940, down 1.38% in one hour. About 550 million was liquidated in the past 24 hours, all longs getting flushed.
Spot dip-buying:
First entry: 82,500–82,800
Second entry: 81,000–81,500
Stop-loss: Exit if the daily candle body breaks below 80,000
Take-profit: Sell half at 84,400–84,800; hold the rest for 86,000
Futures cautions:
Keep leverage to 3–5x; don’t chase the price
Long on a dip at 82,600–82,800; stop-loss at 81,900; target 84,300
Consider a short only if price stalls above 84,400; stop-loss at 84,900
If support breaks, wait for confirmation from a 4H candle body before following through. Don’t gamble on direction at mid-range prices.
In short: scale into spot positions, and keep your hands off the futures.
#BTC #Futures #Spot #BinanceMining
