$BTC 80,927 Dumped to 75,525, 24h -5.6%, over $400 million in long positions liquidated; rebound only reached 76,976
Is 75,500 the bottom or just halfway down?
Conservative: short if 76,900 fails to hold; stop at 77,600
Aggressive: take a small long if 75,500 holds; stop at 74,800 (0.002 contracts ≈152U, at 20x that’s only 7.6U, loss 2.4U)
Invalidation: if the 1H candle reclaims 78,100, the short is invalidated
#BTC #Liquidation
Is 75,500 the bottom or just halfway down?
Conservative: short if 76,900 fails to hold; stop at 77,600
Aggressive: take a small long if 75,500 holds; stop at 74,800 (0.002 contracts ≈152U, at 20x that’s only 7.6U, loss 2.4U)
Invalidation: if the 1H candle reclaims 78,100, the short is invalidated
#BTC #Liquidation