Fear & Greed went from 50 to 28 in a single day.
Coinspeaker data this morning:
• $BTC closed Thursday at $76,088 and sits below its 200-day average for the first time since Aug 19
• Dip hit $75,208, the lowest since Sep 16
• Over 104 jobs reports since 2018, BTC was higher 24h later after exactly 52 (a coin toss)
• A week later it was lower after each of the last three: -3.3%, -5.2%, -3.7%
Sentiment crashed faster than price. That gap often means traders are already positioned defensively, but the 200-day line now flips from support to resistance.
Does $BTC reclaim the 200-day average by Monday, yes or no?
Not financial advice.
#Bitcoin #NFP #FearAndGreed
Coinspeaker data this morning:
• $BTC closed Thursday at $76,088 and sits below its 200-day average for the first time since Aug 19
• Dip hit $75,208, the lowest since Sep 16
• Over 104 jobs reports since 2018, BTC was higher 24h later after exactly 52 (a coin toss)
• A week later it was lower after each of the last three: -3.3%, -5.2%, -3.7%
Sentiment crashed faster than price. That gap often means traders are already positioned defensively, but the 200-day line now flips from support to resistance.
Does $BTC reclaim the 200-day average by Monday, yes or no?
Not financial advice.
#Bitcoin #NFP #FearAndGreed