🚨JUST IN: ~$105M in crypto longs liquidated in 1 hour — a classic leverage flush.📉

Market Breakdown

• Cause: Price slipped below key intraday supports → cascading long liquidations → forced selling increased volatility.

• Structure: This looks like a stop-hunt + deleveraging, not a confirmed trend reversal (yet).

Key Levels

• Bitcoin (BTC):

• Support: $87K–$88K

• Resistance: $90K–$92K

Reclaim $90K+ with volume = relief bounce likely.

Lose $87K = risk of deeper downside.

• Ethereum (ETH):

• Support: ~$2.9K

• Resistance: ~$3.1K

ETH follows BTC — strength only if BTC stabilizes.

Altcoins

• High-leverage alts took the biggest hit.

• Short-term weakness likely until BTC direction is clear.

What’s Next

• Short term: High volatility, possible dead-cat bounce after liquidation flush.

• Directional move only after BTC breaks and holds above resistance or loses support.

Bitcoin (BTC)

• Range trading near critical zone around $88K–$90K, showing consolidation after the recent sell-off. 

• Support: ~$87K–$88K

• Resistance: ~$90K–$92K

• Holding above support keeps bulls alive; reclaiming resistance with strong volume suggests a potential bounce.

Ethereum (ETH)

• Currently hovering above $3,000 with short-term structure still intact but soft. 

• Support: ~$2,900

• Resistance: ~$3,180–$3,250

• If ETH holds above support and BTC steadies, it can stabilize or bounce.

Altcoins

• Mixed performance: some showing short relief moves, others weak — typical after leverage flush events.

#GoldOnTheRise #WhoIsNextFedChair #Write2Earn #btc #Squar2earn

$BTC

BTC

64,814.1

-9.56%

$SOL

SOL

76.94

-15.54%

$ETH

ETH

1,910.01

-10.25%