Just now, Bitcoin climbed back above $83,000 📈
According to Binance Spot data, BTC surged from 80,684 to 83,158 over the past 24 hours, a move of about 3%. Ethereum also recovered, rebounding from 2,329 to around 2,444.
A few things to watch:
🔹 About $130 million in short positions were liquidated over the past 12 hours. Much of this rally was driven by shorts being "forced to buy back"
🔹 BTC has now closed above its 50-week moving average for 5 consecutive weeks, so the medium-term structure remains intact for now
🔹 For the past two weeks, the market kept talking about a "Black Monday," but when Monday came, the bulls made the first move. South Korea's stock market plunged at the open that same day, yet Bitcoin didn't weaken along with it
The real test now is whether $83,000 can turn from resistance into support. If it holds, the upside opens up; if not, prices will probably continue to swing between $80,000 and $83,000.
Do you think this is a genuine breakout or another false move? 👇
#灰度联合Republic推出三只加密基金 #BTC #ETH
According to Binance Spot data, BTC surged from 80,684 to 83,158 over the past 24 hours, a move of about 3%. Ethereum also recovered, rebounding from 2,329 to around 2,444.
A few things to watch:
🔹 About $130 million in short positions were liquidated over the past 12 hours. Much of this rally was driven by shorts being "forced to buy back"
🔹 BTC has now closed above its 50-week moving average for 5 consecutive weeks, so the medium-term structure remains intact for now
🔹 For the past two weeks, the market kept talking about a "Black Monday," but when Monday came, the bulls made the first move. South Korea's stock market plunged at the open that same day, yet Bitcoin didn't weaken along with it
The real test now is whether $83,000 can turn from resistance into support. If it holds, the upside opens up; if not, prices will probably continue to swing between $80,000 and $83,000.
Do you think this is a genuine breakout or another false move? 👇
#灰度联合Republic推出三只加密基金 #BTC #ETH