$BTC is not showing any strength so far... just bleeding and now we are close to the next major support around $82,500.
Bitcoin already dropped from $87,395 to $82,890 and buyers are still struggling to push it back above $84k.
Breaking below $82.5k means the next support around $80k is going to be exposed... and eventually breaking that major breakout support around $80k could directly push BTC towards $75,000.
Leverage LONGS are getting flushed, October is in RED and maybe... maybe this flush could reset the market mood and push $BTC back above $90,000 😉
But right now... nothing is going right and i am watching these two support areas $82.5k and $80k very closely before Bitcoin potentially leaves the $80k price range.
I am not rushing into leverage LONGS here... let BTC show some actual buying strength first 😅
$MET
#FedMinutesFocusOnOctoberPause
#USMortgageRatesRiseTo7.49%
#SECApproves3XBitcoinETF
Bitcoin already dropped from $87,395 to $82,890 and buyers are still struggling to push it back above $84k.
Breaking below $82.5k means the next support around $80k is going to be exposed... and eventually breaking that major breakout support around $80k could directly push BTC towards $75,000.
Leverage LONGS are getting flushed, October is in RED and maybe... maybe this flush could reset the market mood and push $BTC back above $90,000 😉
But right now... nothing is going right and i am watching these two support areas $82.5k and $80k very closely before Bitcoin potentially leaves the $80k price range.
I am not rushing into leverage LONGS here... let BTC show some actual buying strength first 😅
$MET
#FedMinutesFocusOnOctoberPause
#USMortgageRatesRiseTo7.49%
#SECApproves3XBitcoinETF
