🚨 The market quietly bounced back from last night into this morning
First, a quick look at the numbers (just checked on TradingView, prices at 7:21):
$BTC 83,611 dollars, up 0.83% in 24 hours
$ETH 2,532 dollars, up 1.14%
$SOL 111 dollars, up 0.95%
📌 In plain English
Friday’s $1 billion in long liquidations basically flushed out traders who were using too much leverage. After that shakeout, the market actually steadied, and today it’s bounced slightly—the bad news is out, so people are less rattled.
💡 Next, keep an eye on two levels
Upside: 84,000—the hurdle that recent rebounds have failed to clear. A break above it would signal a real shift to strength.
Downside: 81,300—last week’s low. A break below it would mean the rebound was a fake-out, and the market may have to search for a lower bottom.
🔹 In a nutshell
This is a breather after the drop. Bulls, don’t pop the champagne just yet; bears, don’t rush to add to your positions. Wait and see what happens at 84,000.
Do you think it’ll break through 84,000 this time? Share your thoughts in the comments 👇
For reference only. Not investment advice.
First, a quick look at the numbers (just checked on TradingView, prices at 7:21):
$BTC 83,611 dollars, up 0.83% in 24 hours
$ETH 2,532 dollars, up 1.14%
$SOL 111 dollars, up 0.95%
📌 In plain English
Friday’s $1 billion in long liquidations basically flushed out traders who were using too much leverage. After that shakeout, the market actually steadied, and today it’s bounced slightly—the bad news is out, so people are less rattled.
💡 Next, keep an eye on two levels
Upside: 84,000—the hurdle that recent rebounds have failed to clear. A break above it would signal a real shift to strength.
Downside: 81,300—last week’s low. A break below it would mean the rebound was a fake-out, and the market may have to search for a lower bottom.
🔹 In a nutshell
This is a breather after the drop. Bulls, don’t pop the champagne just yet; bears, don’t rush to add to your positions. Wait and see what happens at 84,000.
Do you think it’ll break through 84,000 this time? Share your thoughts in the comments 👇
For reference only. Not investment advice.