Bitcoin just broke below $70,000 for the first time since August — down 6.8% overnight to $68,800.
• $1.41 billion in leveraged positions wiped out in 24 hours, 89% of them longs, as $70,000 gave way.
• Ethereum followed, down 5.5% to $1,934, slipping under the $2,000 line with it.
• Fear & Greed sits at 20 — Extreme Fear — while US spot Bitcoin ETFs have now seen $1.44 billion in outflows over five straight sessions.
My stance today: I am defending $68,000 as the line that matters. Hold it into the US session and a reclaim of $70,000 opens the road back to $73,000. Lose it, and the next stop is $64,800.
Below $68,000, this plan is off the table.
The US PPI lands at 8:30 AM ET today — hot inflation already pushed the Fed toward a December hike. Are you buying this dip at $68,000, or waiting for $70,000 to flip back to support?
$BTC $ETH $BNB
#Bitcoin #BTC #CryptoNews #CryptoMarket #PPI
• $1.41 billion in leveraged positions wiped out in 24 hours, 89% of them longs, as $70,000 gave way.
• Ethereum followed, down 5.5% to $1,934, slipping under the $2,000 line with it.
• Fear & Greed sits at 20 — Extreme Fear — while US spot Bitcoin ETFs have now seen $1.44 billion in outflows over five straight sessions.
My stance today: I am defending $68,000 as the line that matters. Hold it into the US session and a reclaim of $70,000 opens the road back to $73,000. Lose it, and the next stop is $64,800.
Below $68,000, this plan is off the table.
The US PPI lands at 8:30 AM ET today — hot inflation already pushed the Fed toward a December hike. Are you buying this dip at $68,000, or waiting for $70,000 to flip back to support?
$BTC $ETH $BNB
#Bitcoin #BTC #CryptoNews #CryptoMarket #PPI
