$BTC Weekly: 87K Rejected, 84K in Focus
Bitcoin tested 87K on the weekly chart and printed a high of 86,999 before pulling back to ~86.2K. That is a rejection so far, not a confirmed breakout or breakdown. The weekly candle is still open.
What shapes the next move:
US jobs came in at 29K with unemployment at 4.2%, which pushed traders to price out an October Fed hike
10-year yield still sits near 5.25%
Fed minutes land Wednesday
On the Binance BTC/USDT perpetual map, long liquidation clusters sit roughly between 83.5K and 85.2K, shorts stack around 86.8K to 88K. Price is boxed between two leverage pockets.
Scenario map: a weekly close above 87K shifts the range higher. A slip under 84K puts that long cluster in play. Neither is confirmed.
Verify first. Risk later. Scale slowly...
#BTC #Bitcoin #Binance
Bitcoin tested 87K on the weekly chart and printed a high of 86,999 before pulling back to ~86.2K. That is a rejection so far, not a confirmed breakout or breakdown. The weekly candle is still open.
What shapes the next move:
US jobs came in at 29K with unemployment at 4.2%, which pushed traders to price out an October Fed hike
10-year yield still sits near 5.25%
Fed minutes land Wednesday
On the Binance BTC/USDT perpetual map, long liquidation clusters sit roughly between 83.5K and 85.2K, shorts stack around 86.8K to 88K. Price is boxed between two leverage pockets.
Scenario map: a weekly close above 87K shifts the range higher. A slip under 84K puts that long cluster in play. Neither is confirmed.
Verify first. Risk later. Scale slowly...
#BTC #Bitcoin #Binance
