Is this $BTC dump really the start of another leg down… or is the market just shaking everyone out before the recovery? 👀
Right now panic is everywhere. People are seeing red candles, opening shorts late, and expecting the dump to continue.
I’m doing the opposite.
I’m going to open BIG LONG on $BTC here.
TP: $83,600
SL: $80,380
Because BTC already pushed hard into the $80,500–$80,700 zone, swept the lows, and still failed to stay below that area. Price immediately recovered back above $81,000, which tells me buyers are still defending this level.
Now the interesting part is what happens to all those fresh shorts opened during the panic.
If #BTC keeps holding this recovery, I think the market can squeeze them and move straight into the liquidity sitting around $83,500–$83,600.
Everyone is reacting to the fear.
I’m reacting to the failed breakdown.
Buy and Trade $BTC
:
#BitcoinReboundsTo$83K #EthereumLiquidationsHit$356M #BitcoinETFsSee$244MNetOutflows
Right now panic is everywhere. People are seeing red candles, opening shorts late, and expecting the dump to continue.
I’m doing the opposite.
I’m going to open BIG LONG on $BTC here.
TP: $83,600
SL: $80,380
Because BTC already pushed hard into the $80,500–$80,700 zone, swept the lows, and still failed to stay below that area. Price immediately recovered back above $81,000, which tells me buyers are still defending this level.
Now the interesting part is what happens to all those fresh shorts opened during the panic.
If #BTC keeps holding this recovery, I think the market can squeeze them and move straight into the liquidity sitting around $83,500–$83,600.
Everyone is reacting to the fear.
I’m reacting to the failed breakdown.
Buy and Trade $BTC
:
#BitcoinReboundsTo$83K #EthereumLiquidationsHit$356M #BitcoinETFsSee$244MNetOutflows