RESISTANCE HOLDS ... CORRECTION PLAYED OUT EXACTLY
I gave a clear warning earlier: if resistance doesn’t break, expect another retest and correction phase.
Now check the result:
$BTC rejected from 87.2K and dropped toward 85.3K
$ETH rejected from 2,777 and fell back near 2,696
$SOL rejected from 123.76 and dropped toward 119.9
The recovery was strong, but resistance remained stronger.
For now, the market is still respecting the same range. Until these resistance zones break cleanly, retests...
🤔 Currently, there are more long positions than short positions in the market.
➤ A sharp drop in #BTC to around $75,800 would result in liquidations of long positions exceeding $6,700,000,000.
➤ A sharp drop in #ETH to around $2420 would result in liquidations of long positions exceeding $4,170,000,000.
{spot}(ETHUSDT)
{spot}(BTCUSDT)
$BTC REJECTION ZONE IS IN PLAY...
Current Price: $85,448
Short Entry: $85,400–$85,700
TP1: $84,200
TP2: $83,400
TP3: $82,500
SL: $87,350
4H resistance remains around $87,200–$87,350. Price is rejecting that zone, while the key support sits near $82,500. A continued breakdown could open the move toward the lower support area.
Sell & Trade
{future}(BTCUSDT)
$MAGMA
{future}(MAGMAUSDT)
$龙虾
{future}(龙虾USDT)