BTC has closed lower for five consecutive weeks. The earlier false breakout above the previous high of 8.2
is a normal, large-scale pullback after a rally.
There is no weekly signal of a bottom yet; the decline is not yet complete.
A bottom requires a strong, high-volume reclaim of the candlestick.
A low-volume, weak rebound or a single long lower wick is not enough to confirm a bottom.
MicroStrategy has made a small addition to its holdings, but spot Bitcoin ETFs are still seeing net outflows overall, and buying pressure in the market is insufficient
to support a rapid V-shaped reversal.
Key support: daily EMA200 (currently around the 76500–76000 area)
Important‼️support: 75000 (the starting point of the rally)
Defending the previous low of 7.5: a decisive break below the previous low would deepen the correction; otherwise, maintain the bullish double-bottom outlook.
#苹果财报喜忧参半 #提现服务恢复期间警惕诈骗 #美国中期选举倒计时，美股博弈窗口已开启？ $BTC $ETH
is a normal, large-scale pullback after a rally.
There is no weekly signal of a bottom yet; the decline is not yet complete.
A bottom requires a strong, high-volume reclaim of the candlestick.
A low-volume, weak rebound or a single long lower wick is not enough to confirm a bottom.
MicroStrategy has made a small addition to its holdings, but spot Bitcoin ETFs are still seeing net outflows overall, and buying pressure in the market is insufficient
to support a rapid V-shaped reversal.
Key support: daily EMA200 (currently around the 76500–76000 area)
Important‼️support: 75000 (the starting point of the rally)
Defending the previous low of 7.5: a decisive break below the previous low would deepen the correction; otherwise, maintain the bullish double-bottom outlook.
#苹果财报喜忧参半 #提现服务恢复期间警惕诈骗 #美国中期选举倒计时，美股博弈窗口已开启？ $BTC $ETH
