$BTC Just Dropped $3,000 in One Hourโฆ $70K or $62K Next? ๐จ
That wasnโt a gradual sell-off โ it was a flush.
$BTC fell nearly $3,000 in 60 minutes, liquidating roughly $70M in long positions. Moves like that donโt happen randomly. Thatโs leverage getting cleared out quickly.
Price is now hovering around the $66K region โ and this level is critical.
Right here, $66K is acting as a short-term pivot. The market is deciding whether that drop was simply a liquidity sweepโฆ or the beginning of a deeper move.
Current structure:
โข Reclaim $67.5Kโ$68K with strength โ opens the path back toward $70Kโ$72K
โข Hold $65Kโ$66K โ bounce scenario remains valid
โข Lose $65K decisively โ downside likely extends toward $62Kโ$60K (major demand zone)
This isnโt the spot to guess.
Itโs the spot to watch the reaction.
Strong reclaim = buyers stepping in.
Weak bounce + breakdown = continuation lower.
The next few candles will provide clarity.
Trade the level. Not the emotion.
