$BTC at 78,360: Dip Bought, Not Yet Confirmed
Today’s daily candle wicked below last month’s low and recovered. That’s a reclaim attempt, not a confirmed retest. The candle is still open.
Key levels from the chart:
200 SMA: 73,170, rising, acts as trend support
Price sits about $5k above it
📉 US spot BTC ETFs recorded 3 straight outflow days: -643.2M, -398.6M, -115.6M. Outflows are shrinking, but inflows haven’t returned.
Scenario map instead of a forecast:
Holds last month’s low on a close: range, room for bulls to rebuild
Loses it on a close: 200 SMA becomes the next test
Chop in between: the most likely path, and the riskiest for leveraged positions
A wick shows interest, not conviction. Wait for the close, check flows, size positions accordingly.
Verify first. Risk later. Scale slowly.
#BTC #Bitcoin
Today’s daily candle wicked below last month’s low and recovered. That’s a reclaim attempt, not a confirmed retest. The candle is still open.
Key levels from the chart:
200 SMA: 73,170, rising, acts as trend support
Price sits about $5k above it
📉 US spot BTC ETFs recorded 3 straight outflow days: -643.2M, -398.6M, -115.6M. Outflows are shrinking, but inflows haven’t returned.
Scenario map instead of a forecast:
Holds last month’s low on a close: range, room for bulls to rebuild
Loses it on a close: 200 SMA becomes the next test
Chop in between: the most likely path, and the riskiest for leveraged positions
A wick shows interest, not conviction. Wait for the close, check flows, size positions accordingly.
Verify first. Risk later. Scale slowly.
#BTC #Bitcoin
