Bitcoin Loses Key Support — Is $71,000 Coming Next?
⠀
Bitcoin is under pressure again just hours before tomorrow’s U.S. CPI report.
⠀
$BTC has lost the Daily 100 SMA and Weekly 50 SMA, while more than $1B in leveraged Longs have been liquidated across crypto.
⠀
ETF flows aren’t helping either — U.S. spot Bitcoin ETFs lost around $1.28B last week, pushing 2026 flows into negative territory.
⠀
On the positive side, Strategy just added another 1,036 BTC. But for now, price action remains weak.
⠀
BTC is trying to hold the Support Zone ($76,530-$77,350), with the Daily 200 SMA becoming the next major test.
⠀
If this structure breaks, my next targets are $72,080 and $71,290, with the bigger reaction area around ($69,300-$71,000).
⠀
Trade Setup
⠀
TP1: $72,080
TP2: $71,290
SL: $77,020
⠀
Key Levels: $75,950 | $69,650
⠀
Tomorrow’s CPI could change the direction quickly, so risk management matters more than usual.
⠀
Which comes first?
⠀
🔴 $71,290
🟢 $77,020
⠀
Bitcoin is under pressure again just hours before tomorrow’s U.S. CPI report.
⠀
$BTC has lost the Daily 100 SMA and Weekly 50 SMA, while more than $1B in leveraged Longs have been liquidated across crypto.
⠀
ETF flows aren’t helping either — U.S. spot Bitcoin ETFs lost around $1.28B last week, pushing 2026 flows into negative territory.
⠀
On the positive side, Strategy just added another 1,036 BTC. But for now, price action remains weak.
⠀
BTC is trying to hold the Support Zone ($76,530-$77,350), with the Daily 200 SMA becoming the next major test.
⠀
If this structure breaks, my next targets are $72,080 and $71,290, with the bigger reaction area around ($69,300-$71,000).
⠀
Trade Setup
⠀
TP1: $72,080
TP2: $71,290
SL: $77,020
⠀
Key Levels: $75,950 | $69,650
⠀
Tomorrow’s CPI could change the direction quickly, so risk management matters more than usual.
⠀
Which comes first?
⠀
🔴 $71,290
🟢 $77,020
