đš $431M in longs wiped out. $BTC fell $3,600 from the top.
Yesterday everyone was screaming "$90K next" đ
Today BTC is at $81,250 đ
What happened:
âą BTC hit $84,875, then got rejected hard
âą Over-leveraged longs got liquidated
âą Tesla & Meta earnings dragged tech stocks down
âą Strong US jobs data raised the odds of a December Fed hike
đ The ONE level that matters tonight: $81,700
That's the 50-day average.
â Daily close below it = bears take control, $80K is next
â Reclaim it = this was just a shakeout
Support: $80,900 â $80,600 â $79,700
Resistance: $81,700 â $82,600
$ETH is even weaker: $2,379 (â5%), well below its 50-day average.
$IOST gave back its whole pump: â49% đŹ
My move: no new longs until BTC closes back above $81,700. Protecting capital is a position too.
Are you buying this dip or waiting? đ
#BTC #CryptoMarket #Liquidations #EarningsSeason
Yesterday everyone was screaming "$90K next" đ
Today BTC is at $81,250 đ
What happened:
âą BTC hit $84,875, then got rejected hard
âą Over-leveraged longs got liquidated
âą Tesla & Meta earnings dragged tech stocks down
âą Strong US jobs data raised the odds of a December Fed hike
đ The ONE level that matters tonight: $81,700
That's the 50-day average.
â Daily close below it = bears take control, $80K is next
â Reclaim it = this was just a shakeout
Support: $80,900 â $80,600 â $79,700
Resistance: $81,700 â $82,600
$ETH is even weaker: $2,379 (â5%), well below its 50-day average.
$IOST gave back its whole pump: â49% đŹ
My move: no new longs until BTC closes back above $81,700. Protecting capital is a position too.
Are you buying this dip or waiting? đ
#BTC #CryptoMarket #Liquidations #EarningsSeason