$BTC just printed a 3-month low at $63,320. Back inside the July–August range.
Why it's dumping:
- US spot BTC ETFs: 7 straight sessions of outflows, ~$1.91B since Nov 5, $185M on Friday alone (SoSoValue)
- $1.47B liquidated in 24h, $1.31B of it longs (CoinGlass)
- On track for a 6th straight weekly loss, >20% off late-October levels
Price: $64,405 (Binance, 07:16 ICT), −5.7% 24h. Wilder RSI 1D 20.6 / 4H 18.3. Most oversold read in months, still far under EMA20/50.
Analyst James Check calls it the 4th capitulation wave since the ATH: people who FOMO'd at $80K+ are selling where they refused to buy last summer.
My plan, small size only:
Bid $62,300–63,000 (Jul–Aug range floor)
SL $60,900
TP $66,600 / $68,400 / $70,000 (2.3R / 3.3R / 4.2R)
Daily close under $61,000 = no trade, next demand $57,800–59,100
NFA. DYOR.
Are you buying $BTC at RSI 20, or waiting for ETF flows to flip?
Why it's dumping:
- US spot BTC ETFs: 7 straight sessions of outflows, ~$1.91B since Nov 5, $185M on Friday alone (SoSoValue)
- $1.47B liquidated in 24h, $1.31B of it longs (CoinGlass)
- On track for a 6th straight weekly loss, >20% off late-October levels
Price: $64,405 (Binance, 07:16 ICT), −5.7% 24h. Wilder RSI 1D 20.6 / 4H 18.3. Most oversold read in months, still far under EMA20/50.
Analyst James Check calls it the 4th capitulation wave since the ATH: people who FOMO'd at $80K+ are selling where they refused to buy last summer.
My plan, small size only:
Bid $62,300–63,000 (Jul–Aug range floor)
SL $60,900
TP $66,600 / $68,400 / $70,000 (2.3R / 3.3R / 4.2R)
Daily close under $61,000 = no trade, next demand $57,800–59,100
NFA. DYOR.
Are you buying $BTC at RSI 20, or waiting for ETF flows to flip?
