#BTCUSDT TRADE UPDATE
BTC just completed the 8th-largest short squeeze in crypto history, $2.74 billion in shorts wiped in 24 hours on Aug 19. The catalyst ("war on crypto is over") is structural, not noise. Weekly just broke out of a 13-week accumulation range. This is the first time BTC is printing above $80K in months.
Don't chase the current level. Price needs to breathe after a 30% move in 5 days. Wait for the retrace to $78.4K. If that zone holds, the next leg targets $81.2K and beyond.
⚠️ CAUTION: Extreme volatility this week, Aug 22 alone saw a $5K wick that liquidated $475M in longs. BTC is printing 4–5K candle ranges. Size down from your normal position. Stop is nominal on this timeframe.
If $78,417 holds, expect continuation to $81k/$82k quickly.
If $77,500 breaks on a close, setup is off. Wait for structure to reset.
Invalidation: 1H close below $77,500
⚠️ Not financial advice. DYOR.
Sign up on Bybit 👉 https://partner.bybitglobal.com/b/digital
455
