According to Liquidity Doctor (@doctortraderr), a BTC long position has been set up with a clearly defined target and stoploss in advance, as part of a '100-1k$ challenge'. This indicates a strategic approach to managing risk and potential rewards in Bitcoin trading.

According to Mihir (@RhythmicAnalyst), the $85k range acts as a magnet for Bitcoin, as depicted in the observed trading patterns. Traders should consider this level as a potential target or resistance point in their strategies.