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#BTC closed the week at 50%—50% of the wick and body. Now that Monday’s market is open, the price jumped and is moving sideways. Closing over the level could be an early attempt or a sign of reversal.

The breakout is going to be glorious #BTC

Sunday, October 4, brought the first daily close above the $85K wall, with the ETFs shut for the weekend. It was also a day of heavy profit taking. Of all the coins sent to exchanges that day, about 86% came from short-term holders, those holding for less than 155 days, moving coins at a profit. That is the highest share of any day in the past year; on a typical day it is under two fifths.

The sellers who met the breakout were the buyers of the past few months. If they keep sending coins to exchanges at this pace, the next push toward $85K would meet the same supply.

Fear and Greed - 40/100

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🪙BTC has 2 large long-side liquidity around $79,500 and $80,500.

BTC has 2 large short-side liquidity around $84,500 and $87,500.

Where do you think Bitcoin will go first?