$BTC is testing its 50-week MA into the weekly close đ
Price: ~75.8K | 50W MA: ~75.5K | 200W MA: ~67.8K
The weekly wick dipped under the 50W, but the body is holding. That is a test, not a confirmed bounce.
What is pressuring the market:
Strong October jobs data lifted December rate hike odds to roughly 77%
Spot BTC ETFs saw ~$412M in outflows on Friday
Over $1B in leveraged longs were liquidated this week
How I am reading it: a weekly close above the 50W keeps the range alive. A close below puts the 200W in focus as the next major support. Until the candle closes, both scenarios stay open.
Position sizing and patience matter more than predicting the exact bottom.
Verify first. Risk later. Scale slowly.
#BTC #Bitcoin
Price: ~75.8K | 50W MA: ~75.5K | 200W MA: ~67.8K
The weekly wick dipped under the 50W, but the body is holding. That is a test, not a confirmed bounce.
What is pressuring the market:
Strong October jobs data lifted December rate hike odds to roughly 77%
Spot BTC ETFs saw ~$412M in outflows on Friday
Over $1B in leveraged longs were liquidated this week
How I am reading it: a weekly close above the 50W keeps the range alive. A close below puts the 200W in focus as the next major support. Until the candle closes, both scenarios stay open.
Position sizing and patience matter more than predicting the exact bottom.
Verify first. Risk later. Scale slowly.
#BTC #Bitcoin
