#$BTC : Bull trap or breakout? Let's check the BTC order books. What's your play? 🧵👇
Bitcoin is putting everyone through the blender right now around $82,700. We just hit a massive 3-year bullish crossover on the weekly chart, but spot ETF outflows are forcing a quick pullback.
The next 48 hours are going to be brutal if you are over-leveraged. Here is the game plan:
💥 Levels to Watch:
• Resistance: $84,250 — Break this, and shorts get absolutely squeezed.
• Support: $82,300 — Lose this daily low, and we flush straight to $80,000.
📊 The Order Book:
Limit order depth is actually heavily stacked on the buy side (68% buy orders). Open interest is still sky-high, so a massive breakout or breakdown is heavily loading up right now.
💡 My Move:
I'm sitting on my hands and waiting for a clean retest of $82,500. Chasing right here is a trap.
What’s your plan? Buying the dip or shorting the breakdown? Let me know below! 👇
$BTC $ETH
#bnb #TradingTopics #CryptoMarkets #Write2Earrn
Bitcoin is putting everyone through the blender right now around $82,700. We just hit a massive 3-year bullish crossover on the weekly chart, but spot ETF outflows are forcing a quick pullback.
The next 48 hours are going to be brutal if you are over-leveraged. Here is the game plan:
💥 Levels to Watch:
• Resistance: $84,250 — Break this, and shorts get absolutely squeezed.
• Support: $82,300 — Lose this daily low, and we flush straight to $80,000.
📊 The Order Book:
Limit order depth is actually heavily stacked on the buy side (68% buy orders). Open interest is still sky-high, so a massive breakout or breakdown is heavily loading up right now.
💡 My Move:
I'm sitting on my hands and waiting for a clean retest of $82,500. Chasing right here is a trap.
What’s your plan? Buying the dip or shorting the breakdown? Let me know below! 👇
$BTC $ETH
#bnb #TradingTopics #CryptoMarkets #Write2Earrn