Bitcoin just lost the most important level - $67,800.

This is the 200-week MA. This level has held Bitcoin for years. And now it's broken.

Why this fall is different:

1. $1.6B Liquidations: In 24 hours, 90% longs got wiped out. This was not a dip, this was a long hunt.

2. ETF Outflows: 5 days straight, $1.44B left Bitcoin ETFs. Big money is exiting, not entering.

3. BlackRock Selling Pressure: 2,100 BTC + 30,800 ETH moved to Coinbase Prime. When BlackRock moves, market listens.

4. Fed + Anthropic IPO: December Fed hike fear is at 90% + Anthropic IPO on 19 Nov is pulling capital out of crypto.

What Next?

If BTC closes this week BELOW $68,000, the long-term trend turns bearish.

Next Supports:

- $66,427 - Last Low

- $63,120 - Major Support

- $58,540 - Final Support

Next Resistance:

- $69,275 - $71,205

My View: Bears are in full control. Any bounce to $69K is a sell opportunity, not a buy opportunity.

What do you think? Will $67,800 hold or are we going to $63K?