#bitcoin ($BTC )
🔥 Critical Levels to Watch
→ Immediate Support : $102.5K
→ Next Support: $101.3K (if breakdown)
🔍 What Happened?
-Perps Go Hard Short: Aggressive short positions flooded perpetual futures.
- Spot Bidders Absorbed: Buyers tried to push price up, but shorts overpowered them.
→ Signals weak bullish momentum and potential downside!
⚡Why This Matters:
The NY open often sets the day’s tone. Shorts dominating + spot absorption = bearish bias.
🎯 Trading Plan:
- Short-term Bears: Consider shorts if price stalls near $102.5K with weak bids.
- Long-term Bulls: Wait for a reversal signal (e.g., bullish divergence, spot accumulation) near $101.3K.
- Stop-Loss: Above $103.5K for shorts / Below $100.8K for longs.
⚠️ Warning: Liquidity near these levels could trigger volatile squeezes trade with tight risk!
📢 Stay alert the battle between perps and spot is heating up!