82,563 is the floor of the last ten sessio82,563 is the floor of the last ten sessions on $BTC , and it has not been touched since October 1. Today's low came in at 83,577, so price sits about 1.2% above it.
On the way down the next reference is not close: 82,563 first, then a drop to 74,968, which is the 30 day low from mid September. There is very little traded structure between those two levels, which is what makes a 3% dip uncomfortable rather than routine.
On participation: the main USDT pair did 728M USD today against a 1.29B average over the previous 30 days. The drift toward the floor is happening on below average volume, which reads as positioning rather than forced selling so far.
The answer to who goes first is whoever is leveraged inside that empty zone under 82,563.
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On the way down the next reference is not close: 82,563 first, then a drop to 74,968, which is the 30 day low from mid September. There is very little traded structure between those two levels, which is what makes a 3% dip uncomfortable rather than routine.
On participation: the main USDT pair did 728M USD today against a 1.29B average over the previous 30 days. The drift toward the floor is happening on below average volume, which reads as positioning rather than forced selling so far.
The answer to who goes first is whoever is leveraged inside that empty zone under 82,563.
Follow me for daily market breakdowns.
#bitcoin #btc #crypto #altcoin ns on