đš BTC Rejected at $87,000 Resistance! Don't Trap Yourself in Retail Shorts! đš
The charts are playing out exactly as predicted. As explicitly warned in my previous updates, the market is facing sharp resistance. Today, Bitcoin ($BTC) violently tested the major $87,000 ceiling and faced an immediate rejection straight back into the $85,000 zone.
This macro-driven pullback is rippling across the board, triggering a sharp leverage flush even among the market's highest-velocity, hyped assets:
âą $QNT: Pulling back slightly to $256.21 after massive institutional momentum expansions.
âą $TAO: Correcting down to the $297.20 milestone as buyers show exhaustion.
âą $SUI: Bleeding down to $1.1774 to test immediate 1H structural floors.
âą $ZEC: Adjusting downwards near the $1,280.60 support shelf.
â ïž The Trap You Must Avoid:
Seeing this widespread red flush, retail traders are panicking and blindly opening aggressive futures short positions. This is a classic trap engineered by market makers. Moving into high-impact macro deadlinesâwith the FOMC Minutes on Oct 7 and US CPI on Oct 14âthe market is highly prone to violent, two-way short-squeezes designed to wipe out emotional leverage. âĄâĄâĄ
#Bitcoin #Quant #Sui #Bittensor #Zcash
The charts are playing out exactly as predicted. As explicitly warned in my previous updates, the market is facing sharp resistance. Today, Bitcoin ($BTC) violently tested the major $87,000 ceiling and faced an immediate rejection straight back into the $85,000 zone.
This macro-driven pullback is rippling across the board, triggering a sharp leverage flush even among the market's highest-velocity, hyped assets:
âą $QNT: Pulling back slightly to $256.21 after massive institutional momentum expansions.
âą $TAO: Correcting down to the $297.20 milestone as buyers show exhaustion.
âą $SUI: Bleeding down to $1.1774 to test immediate 1H structural floors.
âą $ZEC: Adjusting downwards near the $1,280.60 support shelf.
â ïž The Trap You Must Avoid:
Seeing this widespread red flush, retail traders are panicking and blindly opening aggressive futures short positions. This is a classic trap engineered by market makers. Moving into high-impact macro deadlinesâwith the FOMC Minutes on Oct 7 and US CPI on Oct 14âthe market is highly prone to violent, two-way short-squeezes designed to wipe out emotional leverage. âĄâĄâĄ
#Bitcoin #Quant #Sui #Bittensor #Zcash