Just checked the chart, and my hands are shaking a little.
$BTC is at 76,200 now, just over 600 bucks away from the 50-week moving average at 75553. This line has been tested twice this year and never really broken. If we can't hold above it at tonight's weekly close, the next stop is 67,800.
The institutional flows are even more painful: spot ETFs saw net outflows of $870 million this week. BlackRock's IBIT has had outflows for 5 straight days, totaling $1.04 billion, and on Thursday, not one of the 12 ETFs saw inflows.
From 87,000 all the way down to 76,000. If the fifth straight down week is confirmed, that would tie the third-longest losing streak in history. Tonight's 21:30 nonfarm payrolls report is the final judge: weak data, rate hikes are off the table—watch 78,000; strong data, and 75,000 could give way fast.
Would you dare bet on 75553 tonight?
$BTC $ETH $SOL
#非农 #Bitcoin
$BTC is at 76,200 now, just over 600 bucks away from the 50-week moving average at 75553. This line has been tested twice this year and never really broken. If we can't hold above it at tonight's weekly close, the next stop is 67,800.
The institutional flows are even more painful: spot ETFs saw net outflows of $870 million this week. BlackRock's IBIT has had outflows for 5 straight days, totaling $1.04 billion, and on Thursday, not one of the 12 ETFs saw inflows.
From 87,000 all the way down to 76,000. If the fifth straight down week is confirmed, that would tie the third-longest losing streak in history. Tonight's 21:30 nonfarm payrolls report is the final judge: weak data, rate hikes are off the table—watch 78,000; strong data, and 75,000 could give way fast.
Would you dare bet on 75553 tonight?
$BTC $ETH $SOL
#非农 #Bitcoin
