Okay... market gave us the breakout and now it's giving some of it BACK ๐
$BTC touched $87,278 and now dumped towards $83,864, currently around $84.5K.
$ETH rejected from $2,789 and wicked all the way to $2,647.
And $XRP got hit even harder... from $1.658 down to $1.507 ๐
This is exactly why i don't become blindly bullish after one massive green move...
For now i am watching these levels:
๐ BTC: $83.8K-$84K support... lose that and $82.5K becomes important again.
๐ต ETH: $2,647-$2,650 is the immediate support... recovery above $2,700-$2,730 would be the first good sign.
โซ XRP: $1.50 is the BIG psychological area here... buyers already reacted from $1.507, but i want to see $1.56+ reclaimed.
The interesting part?
Even after this dump, BTC is still sitting well above that old $82K-$82.5K resistance we were talking about before the breakout.
So i am not panicking here... but i am also not throwing leverage at every dip ๐
Let BTC show us whether $84K holds as support first.
This next reaction can tell us a lot about whether that $87K move was the beginning of another leg... or market simply needed to flush some late LONGS before trying again.
$BTC just touched $87,395... highest level in around 8 months ๐ฅ
And at the SAME time $ZEC decided $1,600 wasn't enough and pushed all the way to $1,650 ๐
This is exactly the momentum we were waiting for...
Bitcoin went from $75K to $87K+ while ZEC moved from around $1,086 to $1,650 on these charts.
And shorts have paid heavily for fighting this move ๐
During Bitcoin's breakout above $87K, roughly $919M in crypto SHORT positions were liquidated, with more than $557M coming from BTC shorts alone.
ZEC has been doing the same thing on its own smaller battlefield... tracked ZEC futures recorded around $1.35M shorts vs $520K longs liquidated on Sept 22, after several much larger short-liquidation sessions earlier in the rally.
Now the levels i am watching are simple...
$BTC : $87.4K โ $88K next resistance $ZEC : $1,650 โ $1,680 area next
I have been bullish on both... but especially ZEC while people kept waiting for that magical dump back below $500 ๐
Momentum is strong, shorts are getting squeezed and BTC finally broke that long-held $82K resistance...
Just don't turn bullish momentum into an excuse for stupid leverage now ๐
๐จ BREAKING: $SHOP is surging after Shopify's new partnership with Meta.
Shopify stock jumped around 8% in regular trading, while the Binance SHOP perpetual is showing an even bigger move around +13%, touching $151.32 ๐
And the catalyst is actually interesting...
Meta's new Muse AI agent can browse products from Shopify-powered stores and complete purchases through Shop Pay. Shopify already added Meta as an AI sales channel earlier this month.
Basically AI is not just recommending what you should buy anymore... now it can actually take you all the way to checkout ๐
From the chart, $SHOP bounced from around $124.42 to $151+ and now that old $151-$157 resistance zone is right back in front of it.
If momentum keeps holding above $144-$145... that $156-$157 previous high is the area i am watching next ๐
This Meta catalyst definitely gave SHOP the momentum it was missing.
So who's waiting for $ZEC to dump below $500โ ๐
Just look at the consolidation around $1,480 to $1,580... Zcash once again building a perfect base.
By perfect base i mean just like previously we have seen $ZEC do the same thing around $450 and then push above $850+... then $750-$850 range before pushing above $1,200 and similarly $1,100-$1,200 consolidation before pushing above $1,500.
I am not saying that this consolidation will always result in massive pump... but at least that's what the recent price action tells us.
And psychology is funny... people who wanted ZEC at $500 are now waiting for $500 again while price is sitting above $1,500 ๐
So this time i am looking at $1,800+ ๐๐ฅ
๐ Apart from that we saw $BTC hitting $84,000+... that's another story about Bitcoin's long held resistance around $82K-$82.5K finally been broken.