WATCH FOR PRICE REACTION AT $83K - BTC UPDATE | OCTOBER 7
BTC just dropped sharply to $83.5K, exactly as planned after yesterday’s warning to focus strictly on SHORT setups.
Price is currently experiencing heavy selling pressure as it moves to sweep the liquidity pool below recent lows before determining its next major direction.
2 scenarios to watch at the $83k decision zone:
💡 Scenario 1: Support Sweep & Recovery (Bounce)
Key Support Zone Below: $82.8K – $82.5K (with a deeper sweep potential at $81.8K – $82K).
BTC continues ranging between $83K – $87K. Once the lower support zone is swept and buyers step in with strong reaction/volume, BTC has a clear path to bounce back toward $83.6K – $83.9K and continue higher within the range.
💡 Scenario 2: Heavy Sell Pressure (Breakout Downward)
If the $83K support area breaks with strong selling momentum, BTC could slide further down toward $82K – $80K, or potentially even lower.
Note: The $83K area is the ultimate line in the sand. There is zero reason to rush or try to guess the exact bottom.
💰 High Accuracy Trades
#SP500AndNasdaqHitRecordHighs #FedMinutesFocusOnOctoberPause
BTC just dropped sharply to $83.5K, exactly as planned after yesterday’s warning to focus strictly on SHORT setups.
Price is currently experiencing heavy selling pressure as it moves to sweep the liquidity pool below recent lows before determining its next major direction.
2 scenarios to watch at the $83k decision zone:
💡 Scenario 1: Support Sweep & Recovery (Bounce)
Key Support Zone Below: $82.8K – $82.5K (with a deeper sweep potential at $81.8K – $82K).
BTC continues ranging between $83K – $87K. Once the lower support zone is swept and buyers step in with strong reaction/volume, BTC has a clear path to bounce back toward $83.6K – $83.9K and continue higher within the range.
💡 Scenario 2: Heavy Sell Pressure (Breakout Downward)
If the $83K support area breaks with strong selling momentum, BTC could slide further down toward $82K – $80K, or potentially even lower.
Note: The $83K area is the ultimate line in the sand. There is zero reason to rush or try to guess the exact bottom.
💰 High Accuracy Trades
#SP500AndNasdaqHitRecordHighs #FedMinutesFocusOnOctoberPause