Bitcoin just lost $70,000 — and $1.26 billion in longs got wiped out overnight.
📉 BTC fell to $66,456 overnight, its lowest since August, and now trades near $67,100 — down 2.5% in 24 hours and 11.5% on the week. ETH is down with it near $1,900.
😨 The Fear & Greed Index crashed to 13 — Extreme Fear — and the daily RSI sits at 23, deep in oversold territory.
🏦 US producer prices rose 6.5% year over year, the highest since November 2022, and markets now price an almost 90% chance of a December Fed rate hike. US spot Bitcoin ETFs just posted a seventh straight day of outflows.
My read for today: $66,000 is the line that decides everything. Hold it through the US session and the oversold bounce has a clear run at $68,500. I am watching that level, not chasing the move.
Below $66,000, this plan is off the table.
Does $66,000 hold this weekend, or does Bitcoin test $65,000 first?
$BTC $ETH $BNB #Bitcoin #BTC #CryptoNews #CryptoMarket #Fed
📉 BTC fell to $66,456 overnight, its lowest since August, and now trades near $67,100 — down 2.5% in 24 hours and 11.5% on the week. ETH is down with it near $1,900.
😨 The Fear & Greed Index crashed to 13 — Extreme Fear — and the daily RSI sits at 23, deep in oversold territory.
🏦 US producer prices rose 6.5% year over year, the highest since November 2022, and markets now price an almost 90% chance of a December Fed rate hike. US spot Bitcoin ETFs just posted a seventh straight day of outflows.
My read for today: $66,000 is the line that decides everything. Hold it through the US session and the oversold bounce has a clear run at $68,500. I am watching that level, not chasing the move.
Below $66,000, this plan is off the table.
Does $66,000 hold this weekend, or does Bitcoin test $65,000 first?
$BTC $ETH $BNB #Bitcoin #BTC #CryptoNews #CryptoMarket #Fed
