đš BTC LEVERAGE JUST GOT FLUSHED
đŽ Long Liquidated: $86K
đ„ Execution: $83,450
Bitcoin is currently hovering around the $83.5K area, while recent derivatives data shows continued liquidation activity around this zone.
đ MARKET READ
The $83Kâ$84K region is becoming an important battleground.
Bullish scenario:
If BTC reclaims $84.5Kâ$85.5K and holds above it, momentum could rotate back toward the recent highs around $86K+.
Bearish scenario:
Failure to defend the current area could expose $82Kâ$82.5K, where the market has recently identified an important support zone.
â ïž My view: This liquidation alone doesn't confirm a trend reversal. I'd wait for confirmation rather than chasing the first move. A clean reclaim of resistance would strengthen the bullish setup; losing support would increase downside risk.
đŻ Key Levels
âą Resistance: $84.5Kâ$85.5K
âą Major upside trigger: $86K+
âą Support: $82Kâ$82.5K
âą Current focus: $83.4Kâ$84K
đ„ Watch the reaction around these levels â the next decisive breakout/breakdown could set BTC's short-term direction.
#CFTCSubmitsTwoEventContractRulesToWhiteHouse #AltcoinSeasonIndexHoldsAbove60For5Days #USADPAdds90000JobsInSeptember #USCorePCEEasesTo3%InAugust #KospiPostsWorstQuarterSince2020
đŽ Long Liquidated: $86K
đ„ Execution: $83,450
Bitcoin is currently hovering around the $83.5K area, while recent derivatives data shows continued liquidation activity around this zone.
đ MARKET READ
The $83Kâ$84K region is becoming an important battleground.
Bullish scenario:
If BTC reclaims $84.5Kâ$85.5K and holds above it, momentum could rotate back toward the recent highs around $86K+.
Bearish scenario:
Failure to defend the current area could expose $82Kâ$82.5K, where the market has recently identified an important support zone.
â ïž My view: This liquidation alone doesn't confirm a trend reversal. I'd wait for confirmation rather than chasing the first move. A clean reclaim of resistance would strengthen the bullish setup; losing support would increase downside risk.
đŻ Key Levels
âą Resistance: $84.5Kâ$85.5K
âą Major upside trigger: $86K+
âą Support: $82Kâ$82.5K
âą Current focus: $83.4Kâ$84K
đ„ Watch the reaction around these levels â the next decisive breakout/breakdown could set BTC's short-term direction.
#CFTCSubmitsTwoEventContractRulesToWhiteHouse #AltcoinSeasonIndexHoldsAbove60For5Days #USADPAdds90000JobsInSeptember #USCorePCEEasesTo3%InAugust #KospiPostsWorstQuarterSince2020