🚨 BTC FLASH CRASH: Trap or Bloodbath? 🩸⚡
Bitcoin just slammed down from $74,811 to a low of $71,255 before bouncing slightly to $71,625 (-3.62%).
Here is the quick-fire 1H technical breakdown:
The Level: $71,255 just acted as a massive defense floor with a sharp wick rejection.
The Hurdles: Price is currently sitting below the MA(7) at $71,843 and VWAP at $72,283.
The Play:
🐻 Bears: Break $71,200 = Fast drop to $70K.
🐂 Bulls: Reclaim $72,300 = Massive short squeeze back to $74K+.
💥 Are you longing this bounce or shorting the breakdown? Let’s hear it! 👇
Bitcoin just slammed down from $74,811 to a low of $71,255 before bouncing slightly to $71,625 (-3.62%).
Here is the quick-fire 1H technical breakdown:
The Level: $71,255 just acted as a massive defense floor with a sharp wick rejection.
The Hurdles: Price is currently sitting below the MA(7) at $71,843 and VWAP at $72,283.
The Play:
🐻 Bears: Break $71,200 = Fast drop to $70K.
🐂 Bulls: Reclaim $72,300 = Massive short squeeze back to $74K+.
💥 Are you longing this bounce or shorting the breakdown? Let’s hear it! 👇
