đš $BTC hits $81K â but what happens next?
Bitcoin has moved almost 4% in just a few hours after trading sideways for most of the day. đ
One reason behind the sudden move could be the large number of short positions getting squeezed as BTC pushed higher.
But after such a fast rally, chasing the price can be risky. The key now is how BTC reacts around the $81K area.
đ My focus:
âą Hold above $81K â momentum may continue
âą Rejection â a healthy pullback could follow
âą Strong dip + support â possible buying opportunity
Iâm watching the next few 5M candles closely. đ
No FOMO. Let the chart confirm the move.
DYOR.
#BTC #Bitcoin
Bitcoin has moved almost 4% in just a few hours after trading sideways for most of the day. đ
One reason behind the sudden move could be the large number of short positions getting squeezed as BTC pushed higher.
But after such a fast rally, chasing the price can be risky. The key now is how BTC reacts around the $81K area.
đ My focus:
âą Hold above $81K â momentum may continue
âą Rejection â a healthy pullback could follow
âą Strong dip + support â possible buying opportunity
Iâm watching the next few 5M candles closely. đ
No FOMO. Let the chart confirm the move.
DYOR.
#BTC #Bitcoin