🐝 BTC UPDATE

The $82,500 support was lost. Took an L on my LONG trade, part of profits made on the way up was erased, but this part was quite affordable. So-called correction.

❓ Reason of the dump? Tons of them:
1) Viral tweet that AI breakthroughs can potentially threatens Bitcoin and other crypto in terms of breaking the algorithm used to secure crypto wallets, including Bitcoin.
2) US Government moved Bitcoins worth more than $1.5B from their wallets in the past 24 hours.
3) US-Iran escalation news -> Oil prices surged -> Bond yields go higher -> Stocks dumped
4) OpenAI annualized revenue $20B less than previously signaled (bad for stocks = bad for crypto).

The truth is, Bitcoin is now located in the deep layer of strong supports. Here they are: $81,000 | $79,000 | $77,500. Each one of them can make BTC bounce back to $88,000 and even higher.

👆I still think we will see Bitcoin above $90,000 in Q4 this year

What to do now? Buy Bitcoin on the marked levels. Don't use high leverage. Liquidation should be located below $74,500.