📉 $BTC
Under Pressure: What's Really Happening
Bitcoin fell below $70K and touched ~$67.7K, its lowest level since August.
Why:
• US spot BTC ETFs: 5 straight days of outflows (~$1.4B)
• Hot inflation data → talk of a Fed rate hike in December
• Over $1.6B in liquidations, mostly longs
Levels to watch: $67.7K support. If it breaks, expect more downside. A reclaim of $72K would be the first sign of recovery.
Don't chase. Wait for confirmation and manage your risk. ⚠️
Not financial advice. DYOR.
#Bitcoin #BTC #CryptoNews #Binance
Under Pressure: What's Really Happening
Bitcoin fell below $70K and touched ~$67.7K, its lowest level since August.
Why:
• US spot BTC ETFs: 5 straight days of outflows (~$1.4B)
• Hot inflation data → talk of a Fed rate hike in December
• Over $1.6B in liquidations, mostly longs
Levels to watch: $67.7K support. If it breaks, expect more downside. A reclaim of $72K would be the first sign of recovery.
Don't chase. Wait for confirmation and manage your risk. ⚠️
Not financial advice. DYOR.
#Bitcoin #BTC #CryptoNews #Binance
