$BTC just slipped under a line it has held since election night — and the trigger wasn't crypto at all.
October jobs came in hot — 165K vs 59K expected — and December hike odds jumped toward 80%. That pulled $530M from spot $BTC and $ETH ETFs and flushed ~$1.25B in leveraged longs, almost 90% of them longs.
$BTC is hovering near $75,974, flat on the day on $27.8B volume, while $ETH sits near $2,246. The tape looks calm — the level under it doesn't.
The line is $75,600, the election-night low. Thursday's close held it by ~$340; Friday's session already traded under it, printing $74,888. Hold $75,600 into the close and the week still reads as a shakeout, with $77,700 the bar. Lose it and the range breaks, putting the 200-day average near $73,239 in play.
Are you watching tonight's $75,600 close, or is $73,239 the level that actually matters to you?
#Bitcoin #CryptoMarket #Write2Earn
October jobs came in hot — 165K vs 59K expected — and December hike odds jumped toward 80%. That pulled $530M from spot $BTC and $ETH ETFs and flushed ~$1.25B in leveraged longs, almost 90% of them longs.
$BTC is hovering near $75,974, flat on the day on $27.8B volume, while $ETH sits near $2,246. The tape looks calm — the level under it doesn't.
The line is $75,600, the election-night low. Thursday's close held it by ~$340; Friday's session already traded under it, printing $74,888. Hold $75,600 into the close and the week still reads as a shakeout, with $77,700 the bar. Lose it and the range breaks, putting the 200-day average near $73,239 in play.
Are you watching tonight's $75,600 close, or is $73,239 the level that actually matters to you?
#Bitcoin #CryptoMarket #Write2Earn