Bitcoin just lost $73,200 — the line I said to watch this afternoon.
$BTC is at $72,938, down 1.5% today. Day range: $72,735 to $74,811. It held $73,200 all day, then broke it in the last two hours.
What changed tonight:
• ETF outflows jumped back to $300M on Wednesday — the 5th straight day, $1.44B in total. The bleed is not easing after all.
• BlackRock's IBIT alone lost $269.7M — its 9th straight day of selling, over $2B in total.
• Fear & Greed is 28. Still Fear.
• MSCI still removes Strategy from its indexes on Nov 30 — 18 days away.
Levels now: support $72,727, being tested right now, then $72,000. Resistance $73,200 — the line it just lost — and $74,811.
The afternoon question is answered: $73,200 broke. Now it is $72,727's turn to hold.
Not financial advice. Does $72,727 hold tonight?
#Bitcoin #BTC #Crypto
$BTC is at $72,938, down 1.5% today. Day range: $72,735 to $74,811. It held $73,200 all day, then broke it in the last two hours.
What changed tonight:
• ETF outflows jumped back to $300M on Wednesday — the 5th straight day, $1.44B in total. The bleed is not easing after all.
• BlackRock's IBIT alone lost $269.7M — its 9th straight day of selling, over $2B in total.
• Fear & Greed is 28. Still Fear.
• MSCI still removes Strategy from its indexes on Nov 30 — 18 days away.
Levels now: support $72,727, being tested right now, then $72,000. Resistance $73,200 — the line it just lost — and $74,811.
The afternoon question is answered: $73,200 broke. Now it is $72,727's turn to hold.
Not financial advice. Does $72,727 hold tonight?
#Bitcoin #BTC #Crypto