$BTC 81.972 — At 00:00 this morning, it touched 80,345, its lowest since Sep 20, then bounced about 1,600 points.
Price is down 5.8% from the peak of 86,976 (Oct 5). 24-hour volume was $18 billion, the highest since Oct 2. Open interest fell 4.9% in 30 hours ($8.03B → $7.64B), with funding near zero. No news has been found to explain the drop.
The concern: the 82,500 support zone that had held since Sep 28 has been lost, while 65% of accounts (1.85 longs for every short) are still long and could face liquidations if price breaks below 80,345.
4H, 12H, and daily timeframes are bearish; 3D is still bullish, while 1H–2H show only a rebound. Indicators are not yet aligned.
Main approach: stay out. Reassess when a 4H candle closes outside 80,345–83,260.
With the 82,500 zone lost and 65% still long, would a rebound to 83,260 be the end of the bounce—or just the beginning?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#BTC #Bitcoin $BTC
Price is down 5.8% from the peak of 86,976 (Oct 5). 24-hour volume was $18 billion, the highest since Oct 2. Open interest fell 4.9% in 30 hours ($8.03B → $7.64B), with funding near zero. No news has been found to explain the drop.
The concern: the 82,500 support zone that had held since Sep 28 has been lost, while 65% of accounts (1.85 longs for every short) are still long and could face liquidations if price breaks below 80,345.
4H, 12H, and daily timeframes are bearish; 3D is still bullish, while 1H–2H show only a rebound. Indicators are not yet aligned.
Main approach: stay out. Reassess when a 4H candle closes outside 80,345–83,260.
With the 82,500 zone lost and 65% still long, would a rebound to 83,260 be the end of the bounce—or just the beginning?
Personal observation, not a recommendation. Risk 1%; always use a stop.
#BTC #Bitcoin $BTC