$BTC
BTC has slipped just under its 200-week EMA again, trading near 69,000 USDT after a sharp drop in 24 hours. 📉
#BitcoinBreaksBelow200WeekMovingAverage
This is the same line that marked both of 2026's bottoms, so every trader is watching it closely.
Why the fall? Over 1.4B in leveraged long positions were wiped out overnight.
US spot Bitcoin ETFs also saw about 1.44B in outflows across five straight sessions.
Macro is heavy too: a strong dollar, 10-year yields above 5%, and the market pricing a Fed rate hike in December.
Today's PPI came in slightly softer than expected (0.3% vs 0.4% monthly), which gave the market a little breathing room.
🟢 Bulls say: ETF outflows are only about 2.6% of total inflows, so this is not a full exit.
🔴 Bears say: BTC spent 16 weeks below this line earlier this year, so a weak close can mean more sideways pain.
Key levels: resistance at 69,555 (the 200-week EMA), then 72,700. Support at 65,000, then 60,000.
Outlook: a weekly close above 69,555 can open a relief move toward 72K–76K. A daily close below 64K risks a retest of 60K.
My view: patience beats FOMO. Watch Sunday's weekly close and whether ETF flows turn positive.
Are you buying the dip or waiting for confirmation? Tell me below 👇 (Not financial advice.)
#USPPIMissMayEaseBTCPressure
BTC has slipped just under its 200-week EMA again, trading near 69,000 USDT after a sharp drop in 24 hours. 📉
#BitcoinBreaksBelow200WeekMovingAverage
This is the same line that marked both of 2026's bottoms, so every trader is watching it closely.
Why the fall? Over 1.4B in leveraged long positions were wiped out overnight.
US spot Bitcoin ETFs also saw about 1.44B in outflows across five straight sessions.
Macro is heavy too: a strong dollar, 10-year yields above 5%, and the market pricing a Fed rate hike in December.
Today's PPI came in slightly softer than expected (0.3% vs 0.4% monthly), which gave the market a little breathing room.
🟢 Bulls say: ETF outflows are only about 2.6% of total inflows, so this is not a full exit.
🔴 Bears say: BTC spent 16 weeks below this line earlier this year, so a weak close can mean more sideways pain.
Key levels: resistance at 69,555 (the 200-week EMA), then 72,700. Support at 65,000, then 60,000.
Outlook: a weekly close above 69,555 can open a relief move toward 72K–76K. A daily close below 64K risks a retest of 60K.
My view: patience beats FOMO. Watch Sunday's weekly close and whether ETF flows turn positive.
Are you buying the dip or waiting for confirmation? Tell me below 👇 (Not financial advice.)
#USPPIMissMayEaseBTCPressure
