Bitcoin has dropped below the key $82,000 level today, down over 1.5% as soaring global oil prices and rising U.S. Treasury yields trigger cross-market liquidations. We saw hundreds of millions in leveraged longs wiped out over the last 48 hours.
Despite the short-term pain, structural support remains intact. Dip buyers are already stepping in, with buy orders dominating on spot markets. TD Cowen even just upgraded its year-end BTC target to $109,000, citing strong Q3 performance.
We are currently balancing on crucial short-term support. If we hold $81k–$82k, look for a steady rebound back toward $83.5k. If it breaks, we might see a quick sweep of $80k before the next leg up.
CTA: Are you buying this macro dip, or waiting for a deeper correction? Let me know below! 👇
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#BTC #CryptoMarket #BinanceSquare #Uptober #TradingSignals
Despite the short-term pain, structural support remains intact. Dip buyers are already stepping in, with buy orders dominating on spot markets. TD Cowen even just upgraded its year-end BTC target to $109,000, citing strong Q3 performance.
We are currently balancing on crucial short-term support. If we hold $81k–$82k, look for a steady rebound back toward $83.5k. If it breaks, we might see a quick sweep of $80k before the next leg up.
CTA: Are you buying this macro dip, or waiting for a deeper correction? Let me know below! 👇
Follow me for real-time market updates.
#BTC #CryptoMarket #BinanceSquare #Uptober #TradingSignals