MARKET UPDATE- ๐Ÿšจ

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

BTC
BTC
88,322.84
+0.38%

$BNB

BNB
BNB
853.05
-0.53%

$SOL

SOL
SOL
126.29
-0.41%

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