📊 BTC MARKET UPDATE: VOLATILITY SPIKES!
ACTION: SHORT/SELL on rejection from resistance
Bitcoin experienced a sharp selloff — BTC fell below $63,000 while ETH dropped to $1,848. Over $50 million in long positions were liquidated in just 45 minutes following reports that the U.S. Treasury informed banks it may intervene in the Japanese yen market .
Trading Setup – BTC/USDT:
ACTION SELL / SHORT (if rejection from $63,500-$64,000)
ENTRY $63,500-$64,000 resistance zone
TP1 $62,000
TP2 $61,000
SL $64,500
LEVERAGE 1-3x
⚠️ Yen intervention fears drove the selloff. Risk assets under pressure. Tighten your stops — volatility remains
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