🚨 BITCOIN PLUNGES: WIPES OUT THE ENTIRE POST-ELECTION REBOUND IN HOURS. ANOTHER DROP COMING?
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From ~$80.8K to ~$76.5K in one day. Now $BTC is sitting right above the line that decides everything: $76K.
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📉 What happened
• After the election, $BTC rebounded +6.5% from $75,750 to ~$80.7K.
• Today it gave almost all of that back: −5% in 24h (CoinMarketCap).
• 1H RSI at 21 and 15m RSI at 10: extreme short-term oversold conditions.
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🔍 It wasn't crypto: it was Wall Street
• Over the same stretch, the Nasdaq 100 fell ~5.3% in about 2 hours, with its 1H RSI at 18. $BTC followed suit, but fell less.
• It's risk aversion: when tech gets sold, everything that looks like it gets sold too.
• And the post-election rebound had no firm footing: it was driven by short liquidations (Axel Adler, Coinspeaker), not institutional buying.
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🟢 What the panic is keeping you from seeing
• ETFs ended their streak of outflows: Fidelity's +$237M offset BlackRock's outflow (Cryptopolitan).
• Strategy's STRC returned to $100, allowing it to resume financing BTC purchases (CriptoNoticias).
• Binance reopened withdrawals for more cryptocurrencies and networks after the hack.
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📍 My levels
🔹 $76K: the 200-day EMA and the bottom of the range. This is the line.
🔹 $75,750: the election low. A daily close below it opens the door to another leg down.
🔹 $79K: the top of the range. Reclaiming it changes the outlook.
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As long as $76K holds, this is still a range, not a collapse. And if the Nasdaq bounces from oversold territory, BTC could follow. I don't buy the red candle: I buy at my levels, through DCA, with no leverage.
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What happens to $76K?
🟢 It holds again
🔴 It breaks this time
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I hold $BTC . This is not financial advice.
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#Bitcoin #BTC
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#bitcoin #BTC走势分析 #btc70k #Bitcoin❗
⠀
From ~$80.8K to ~$76.5K in one day. Now $BTC is sitting right above the line that decides everything: $76K.
⠀
📉 What happened
• After the election, $BTC rebounded +6.5% from $75,750 to ~$80.7K.
• Today it gave almost all of that back: −5% in 24h (CoinMarketCap).
• 1H RSI at 21 and 15m RSI at 10: extreme short-term oversold conditions.
⠀
🔍 It wasn't crypto: it was Wall Street
• Over the same stretch, the Nasdaq 100 fell ~5.3% in about 2 hours, with its 1H RSI at 18. $BTC followed suit, but fell less.
• It's risk aversion: when tech gets sold, everything that looks like it gets sold too.
• And the post-election rebound had no firm footing: it was driven by short liquidations (Axel Adler, Coinspeaker), not institutional buying.
⠀
🟢 What the panic is keeping you from seeing
• ETFs ended their streak of outflows: Fidelity's +$237M offset BlackRock's outflow (Cryptopolitan).
• Strategy's STRC returned to $100, allowing it to resume financing BTC purchases (CriptoNoticias).
• Binance reopened withdrawals for more cryptocurrencies and networks after the hack.
⠀
📍 My levels
🔹 $76K: the 200-day EMA and the bottom of the range. This is the line.
🔹 $75,750: the election low. A daily close below it opens the door to another leg down.
🔹 $79K: the top of the range. Reclaiming it changes the outlook.
⠀
As long as $76K holds, this is still a range, not a collapse. And if the Nasdaq bounces from oversold territory, BTC could follow. I don't buy the red candle: I buy at my levels, through DCA, with no leverage.
⠀
What happens to $76K?
🟢 It holds again
🔴 It breaks this time
⠀
I hold $BTC . This is not financial advice.
⠀
#Bitcoin #BTC
⠀
#bitcoin #BTC走势分析 #btc70k #Bitcoin❗
