MARKET UPDATE- 🚨
The price action on Bitcoin the past 2 days has been perfect for wiping out both longs and shorts- both of the previous US sessions opened with strength before seeing rapid 5% rejections. Despite this, the $85k area remains solid but we must remember that the more an area is tested the more likely it is to fail. Eventually $85k could break and lead to a huge liquidation event.
BTC is now pushing into an an area (above $88k) where we have seen strong resistance, and I would now like to see a clean break of the orange downtrend before considering longs here.
BTC
88,220.1
+0.25%
BNB
852.94
+0.40%
SOL
125.97
+0.97%
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