$BTC Hits 12-Week Low as $1.6B Liquidations Hit Longs
BTC $68,249 | 24h -4.4% | 7d -10.0% | ETH $1,928 | BNB $630
🔴 Verdict: Bearish short term
A stronger dollar and rate-hike odds for the Dec 8-9 Fed meeting are hitting risk assets. 88.7% of the $1.64B liquidated were longs, and six straight days of ETF outflows show buyers are not stepping in.
📊 Key levels
• Support: $67,770 (Thursday's low)
• Resistance: $70,000 (the level BTC just lost)
• Trend: lowest since Aug 19, sixth weekly loss
🎯 Outlook
Expect BTC to retest $67,770 while it stays below $70,000.
Not financial advice. DYOR.
$BTC $ETH
BTC $68,249 | 24h -4.4% | 7d -10.0% | ETH $1,928 | BNB $630
🔴 Verdict: Bearish short term
A stronger dollar and rate-hike odds for the Dec 8-9 Fed meeting are hitting risk assets. 88.7% of the $1.64B liquidated were longs, and six straight days of ETF outflows show buyers are not stepping in.
📊 Key levels
• Support: $67,770 (Thursday's low)
• Resistance: $70,000 (the level BTC just lost)
• Trend: lowest since Aug 19, sixth weekly loss
🎯 Outlook
Expect BTC to retest $67,770 while it stays below $70,000.
Not financial advice. DYOR.
$BTC $ETH
