BTC plunges to a 7-week low
On election-counting night, BTC briefly plunged to around 75,618 (its lowest level since mid-September). CoinGlass data shows that about $288 million in long positions were liquidated over the past 24 hours. It then rebounded over the next three hours to around 78,000, but selling pressure remains overhead. Watch whether it can hold above 78,000 and whether it retests the 75,500 level around Friday’s jobs report. Don’t treat a “V-shaped” rebound as a reliable signal to go long.
Would you still dare to add to your position near 78,000 tonight?
$BTC $ETH
On election-counting night, BTC briefly plunged to around 75,618 (its lowest level since mid-September). CoinGlass data shows that about $288 million in long positions were liquidated over the past 24 hours. It then rebounded over the next three hours to around 78,000, but selling pressure remains overhead. Watch whether it can hold above 78,000 and whether it retests the 75,500 level around Friday’s jobs report. Don’t treat a “V-shaped” rebound as a reliable signal to go long.
Would you still dare to add to your position near 78,000 tonight?
$BTC $ETH
