The Battle to Defend 80,000: Two Things Worth Watching More Than Price Predictions
With 83,000 breached, everyone's eyes are shifting to 80,000. But let's be clear: watching this level doesn't mean you should buy the dip as soon as it hits 80,000. It's not that simple.
There are two things worth watching. First, can BTC quickly reclaim 83,000? A swift recovery would suggest buyers are stepping in below; if it remains under pressure, the short-term headwinds haven't eased.
Second, after the liquidations, has leverage actually come down? A major liquidation event can sometimes clear risks from the market. But if prices fall while positions keep growing more aggressively, the risk of a second round of liquidations remains.
$BTC $ETH #BTC #ETH
With 83,000 breached, everyone's eyes are shifting to 80,000. But let's be clear: watching this level doesn't mean you should buy the dip as soon as it hits 80,000. It's not that simple.
There are two things worth watching. First, can BTC quickly reclaim 83,000? A swift recovery would suggest buyers are stepping in below; if it remains under pressure, the short-term headwinds haven't eased.
Second, after the liquidations, has leverage actually come down? A major liquidation event can sometimes clear risks from the market. But if prices fall while positions keep growing more aggressively, the risk of a second round of liquidations remains.
$BTC $ETH #BTC #ETH