$BTC 83.033 — This morning, it touched 82,150, its lowest level since Sept. 21, and broke below the 82,500 floor that had held since Sept. 28.
The price bounced back about 900 after sweeping the lows. I haven’t found any news explaining the drop. Open interest fell only 1.2% over 24 hours, and funding is near zero: leverage hasn’t been flushed out aggressively.
Nearly two-thirds of accounts (64%) are still long, making them the group most vulnerable to stop-losses if the price falls further.
The daily and 4H charts are bearish; the 15m and 1H charts are only showing a bounce. The indicators aren’t aligned yet.
Main approach: stay on the sidelines. Reassess when a 4H candle closes outside 82,150–84,140.
After bouncing 900 from the low, will it hold—or turn back to test 82,150?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#BTC #Bitcoin $BTC
The price bounced back about 900 after sweeping the lows. I haven’t found any news explaining the drop. Open interest fell only 1.2% over 24 hours, and funding is near zero: leverage hasn’t been flushed out aggressively.
Nearly two-thirds of accounts (64%) are still long, making them the group most vulnerable to stop-losses if the price falls further.
The daily and 4H charts are bearish; the 15m and 1H charts are only showing a bounce. The indicators aren’t aligned yet.
Main approach: stay on the sidelines. Reassess when a 4H candle closes outside 82,150–84,140.
After bouncing 900 from the low, will it hold—or turn back to test 82,150?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#BTC #Bitcoin $BTC