๐จ BTC SHORTS ARE GETTING SQUEEZED!
๐ข #BTC Liquidated Short: $73.7K
๐ฅ Liquidation Price: $84,990
Bitcoin is currently trading around $84.8Kโ$85K, with price recently testing the $85K area.
My Market Read ๐
The short liquidation at $84,990 is important because it shows upside pressure is forcing leveraged bears out of the market. Recent derivatives data also shows a sizable short-liquidation cluster sitting above BTC, meaning another push higher could trigger additional forced buying.
๐ฏ Key levels to watch:
๐ฅ $85,000 โ Immediate breakout/reclaim zone
๐ $87,000โ$87,400 โ Major upside target & short-squeeze zone
โ ๏ธ $83,700โ$84,000 โ Important near-term support
๐ฉธ $82,400โ$82,500 โ Larger downside liquidation cluster
๐ My Bias: Cautiously BULLISH
If BTC can hold above $85K and build volume, I would expect a potential continuation toward $87K+.
But if BTC gets rejected around $85K and loses $84K, the market could rotate lower before attempting another breakout.
Signal-provider view:
> Above $85K = bullish continuation setup ๐ข
Below $84K = momentum weakens โ ๏ธ
Break of $87.4K = potential short-squeeze acceleration ๐
Not financial advice โ leverage can invalidate technical levels quickly.
#SECHaltsCryptoETFReviewsAmidFundingLapse #GreekPoliceBustCryptoScamRingArrest17 #FedOctoberRateHikeOddsFallTo17% #NvidiaHitsRecordHighUp2.4% #CanaryFilesAmendedS1ForPEPEETF
๐ข #BTC Liquidated Short: $73.7K
๐ฅ Liquidation Price: $84,990
Bitcoin is currently trading around $84.8Kโ$85K, with price recently testing the $85K area.
My Market Read ๐
The short liquidation at $84,990 is important because it shows upside pressure is forcing leveraged bears out of the market. Recent derivatives data also shows a sizable short-liquidation cluster sitting above BTC, meaning another push higher could trigger additional forced buying.
๐ฏ Key levels to watch:
๐ฅ $85,000 โ Immediate breakout/reclaim zone
๐ $87,000โ$87,400 โ Major upside target & short-squeeze zone
โ ๏ธ $83,700โ$84,000 โ Important near-term support
๐ฉธ $82,400โ$82,500 โ Larger downside liquidation cluster
๐ My Bias: Cautiously BULLISH
If BTC can hold above $85K and build volume, I would expect a potential continuation toward $87K+.
But if BTC gets rejected around $85K and loses $84K, the market could rotate lower before attempting another breakout.
Signal-provider view:
> Above $85K = bullish continuation setup ๐ข
Below $84K = momentum weakens โ ๏ธ
Break of $87.4K = potential short-squeeze acceleration ๐
Not financial advice โ leverage can invalidate technical levels quickly.
#SECHaltsCryptoETFReviewsAmidFundingLapse #GreekPoliceBustCryptoScamRingArrest17 #FedOctoberRateHikeOddsFallTo17% #NvidiaHitsRecordHighUp2.4% #CanaryFilesAmendedS1ForPEPEETF