Everyone came into October 10 expecting $BTC to give another brutal red day… but so far, the market is doing the exact opposite 👀
BTC is holding the recovery, consolidating above the recent lows, and refusing to give sellers the continuation they were waiting for.
Now look at the part that really caught my attention:
There’s around $98.98M in short liquidations sitting between $83,200 and $84,800.
That is a huge amount of liquidity sitting directly above price.
So while a lot of traders are still waiting for another dump just because it’s October 10, I’m looking at what BTC is actually doing right now.
Price recovered from the lows.
The structure is holding.
And a massive short-liquidity pocket is sitting above us.
That’s why I’m taking the BIG LONG on $BTC here.
TP: $84,400
SL: $82,030
If $BTC keeps defending this area, I think the next move can be a push straight into those shorts.
Everyone came prepared for another red day. I’m watching for the squeeze they didn’t prepare for.
BTC is holding the recovery, consolidating above the recent lows, and refusing to give sellers the continuation they were waiting for.
Now look at the part that really caught my attention:
There’s around $98.98M in short liquidations sitting between $83,200 and $84,800.
That is a huge amount of liquidity sitting directly above price.
So while a lot of traders are still waiting for another dump just because it’s October 10, I’m looking at what BTC is actually doing right now.
Price recovered from the lows.
The structure is holding.
And a massive short-liquidity pocket is sitting above us.
That’s why I’m taking the BIG LONG on $BTC here.
TP: $84,400
SL: $82,030
If $BTC keeps defending this area, I think the next move can be a push straight into those shorts.
Everyone came prepared for another red day. I’m watching for the squeeze they didn’t prepare for.