$BTC Market Update
BTC sharply dropped from the 89.5k area, sweeping liquidity down to the 87.9k zone where buyers stepped in immediately. This move cleared weak long positions, reduced leverage, and allowed price to reclaim intraday structure quickly. The reaction shows absorption rather than selling dominance, and the bounce is holding as structure rebuilds gradually.
Market Observation:
A rapid selloff was followed by higher lows and tight candles. Momentum slowed, and sellers couldn’t extend the decline, indicating most selling pressure has already played out while buyers quietly absorb near value.
Trade Setup:
Entry Zone: 88,500 – 88,900
Targets: TP1 89,400 → TP2 90,100 → TP3 91,300
Stop Loss: Below 87,700
Why This Works:
Liquidity below the recent low near 87.9k was taken, shaking out weak hands. After the sweep, price reclaimed the range, and sellers failed to push lower again. As long as BTC holds above this reclaim zone, continuation toward higher levels becomes the likely path.
This isn’t a guess—it’s a reaction to the chart’s structure.
