$BTC Is Back Above $84K, and Thatâs Only Half the Job đŻ
Reclaiming $84,000 is a headline. Holding it is the trade.
BTC is at ~$84,000, up 1.3% on the day, after last weekâs flush. Part of the move came from short sellers getting squeezed out.
đč Pivot: $84,000, where bulls and bears are fighting
đč Upside: $87,000 is the resistance that has capped recent rallies
đč Downside: lose $84K and the low $80Ks come back into play
đč Tailwind: BTC ETFs saw small inflows on Oct 9 after heavy outflows
đč Event to watch: CPI data on Oct 14
đ§ My view: I like the bounce, but I wonât call it a breakout until BTC closes a daily candle above $84K and pushes toward $87K. Until then, this is still a range.
đŹ Is $84K support now, or just a stop on the way back down? Whereâs your line? đ
â ïž Not financial advice. DYOR.
#BTC #Bitcoin #Crypto #BinanceSquare #BitcoinReclaims$84K
Reclaiming $84,000 is a headline. Holding it is the trade.
BTC is at ~$84,000, up 1.3% on the day, after last weekâs flush. Part of the move came from short sellers getting squeezed out.
đč Pivot: $84,000, where bulls and bears are fighting
đč Upside: $87,000 is the resistance that has capped recent rallies
đč Downside: lose $84K and the low $80Ks come back into play
đč Tailwind: BTC ETFs saw small inflows on Oct 9 after heavy outflows
đč Event to watch: CPI data on Oct 14
đ§ My view: I like the bounce, but I wonât call it a breakout until BTC closes a daily candle above $84K and pushes toward $87K. Until then, this is still a range.
đŹ Is $84K support now, or just a stop on the way back down? Whereâs your line? đ
â ïž Not financial advice. DYOR.
#BTC #Bitcoin #Crypto #BinanceSquare #BitcoinReclaims$84K