Bitcoin is back above $80Kโฆ but who brought it back? ๐ค
$BTC Currently around $80,700. Here are the levels Iโm watching:
๐น Support: the $79,500โ$80,000 zone, with the October 24 low around $79,145 below that.
๐น Resistance: the $81,500โ$82,000 zone. A daily close above $82K would be a clearer sign of strength.
Important note: According to CoinGlass data, around 75% of liquidations over the past 24 hours were short positions. That means some of the rise came from shorts closingโnot necessarily from genuine buying demand.
Bullish scenario: Holding above $80K and breaking through $82K.
Bearish scenario: A break below $79,145 could bring selling pressure back.
And anything could change after tonightโs Fed decision.
Not financial advice.
Where do you see Bitcoin by the end of the week?
#BinanceSquare #Bitcoin #TechnicalAnalysis
$BTC Currently around $80,700. Here are the levels Iโm watching:
๐น Support: the $79,500โ$80,000 zone, with the October 24 low around $79,145 below that.
๐น Resistance: the $81,500โ$82,000 zone. A daily close above $82K would be a clearer sign of strength.
Important note: According to CoinGlass data, around 75% of liquidations over the past 24 hours were short positions. That means some of the rise came from shorts closingโnot necessarily from genuine buying demand.
Bullish scenario: Holding above $80K and breaking through $82K.
Bearish scenario: A break below $79,145 could bring selling pressure back.
And anything could change after tonightโs Fed decision.
Not financial advice.
Where do you see Bitcoin by the end of the week?
#BinanceSquare #Bitcoin #TechnicalAnalysis
