Market breadth 89.5%, $BTC I'm bullish. Until 82,500 breaks, I'll only buy pullbacks. Current price: 83,173, up 1.80% over 24 hours. I'm watching the 82,500–83,000 range: 82,500 is a support level highlighted in Wintermute's weekly report, and 83,000 is a pullback zone just below the current price. A break below 82,500 invalidates my view.
My first target is 87,000; I'll take some profit there. Then I'll watch to see whether price can hold above 87,000 on strong volume. If volume is weak, I won't chase. 17 of 19 are up, which is a relief; but the ETH long/short ratio at 2.75 makes me wary again. Longs are too crowded, so we could see a shakeout at any moment.
If price pulls back to 82,500–83,000 and holds, I'll try a small long. If it breaks below 82,500 on strong volume, I'm out—I won't try to catch a falling knife. With market breadth like this, would you wait for a pullback or chase the move?
Long $BTC .
#Binance #BTC
My first target is 87,000; I'll take some profit there. Then I'll watch to see whether price can hold above 87,000 on strong volume. If volume is weak, I won't chase. 17 of 19 are up, which is a relief; but the ETH long/short ratio at 2.75 makes me wary again. Longs are too crowded, so we could see a shakeout at any moment.
If price pulls back to 82,500–83,000 and holds, I'll try a small long. If it breaks below 82,500 on strong volume, I'm out—I won't try to catch a falling knife. With market breadth like this, would you wait for a pullback or chase the move?
Long $BTC .
#Binance #BTC