BTC COULD BE SETTING UP FOR A BIG SHORT. BUT THERE’S ONE LEVEL I NEED TO SEE BREAK FIRST.
$BTC is trading around $81,600, and the 4H structure still looks vulnerable.
Here’s what caught my attention:
• Lower highs after the failed recovery toward $82,900.
• About 63% of Binance Futures accounts in the latest long/short ratio are positioned long.
• Funding is positive, even while BTC struggles to recover.
The level I’m watching: $80,780.
If BTC closes below it on the 1H chart and then fails to reclaim $80,780–$81,000, I’ll consider that a bearish confirmation.
Potential downside areas:
🎯 $79,730 — previous swing low
🎯 $78,500 — extended downside scenario
Invalidation after entry: above $81,450.
But there’s a catch.
If BTC holds support and reclaims $82,100, shorts could get squeezed instead.
I’m not entering just because the chart looks bearish. I want confirmation first.
What do you think happens next: breakdown below $80,780 or a short squeeze back above $82K?
I may earn a trading-fee commission from eligible trades initiated through links in this post. This is market analysis, not a recommendation to trade.
#Bitcoin $BTC #BTC
$BTC is trading around $81,600, and the 4H structure still looks vulnerable.
Here’s what caught my attention:
• Lower highs after the failed recovery toward $82,900.
• About 63% of Binance Futures accounts in the latest long/short ratio are positioned long.
• Funding is positive, even while BTC struggles to recover.
The level I’m watching: $80,780.
If BTC closes below it on the 1H chart and then fails to reclaim $80,780–$81,000, I’ll consider that a bearish confirmation.
Potential downside areas:
🎯 $79,730 — previous swing low
🎯 $78,500 — extended downside scenario
Invalidation after entry: above $81,450.
But there’s a catch.
If BTC holds support and reclaims $82,100, shorts could get squeezed instead.
I’m not entering just because the chart looks bearish. I want confirmation first.
What do you think happens next: breakdown below $80,780 or a short squeeze back above $82K?
I may earn a trading-fee commission from eligible trades initiated through links in this post. This is market analysis, not a recommendation to trade.
#Bitcoin $BTC #BTC