$BTC $ETH $SOL
75,000 held for a week. About an hour and a half before the close, it broke.
The 16:45 15-minute candle wicked down to around 73,477.
It’s now around 74,400, down about $1,370 from the U.S. afternoon level.
The 50-week moving average, around 75,733, is back overhead, and 75,000 has turned from a floor into a ceiling.
ETH at around 2,126 and SOL at around 86.5 slid along with it, down about 4.5% and 2.9% respectively over 24 hours.
This isn’t a minor weekend wobble: 75,000 is the level we’ve been watching all week, and breaking it means another step down in weakness.
First, watch the area around 74,000, then the 200-day moving average at around 73,176.
But the closing price isn’t set yet: the weekly candle closes at 19:00. If it gets back above 75,000, this wick can be treated as a false breakdown for now.
Futures open first at 18:00. Tonight, we’ll see whether Asia steps in.
Just my personal opinion, not investment advice. I’m watching the weekly close—follow me to see the next level.
75,000 held for a week. About an hour and a half before the close, it broke.
The 16:45 15-minute candle wicked down to around 73,477.
It’s now around 74,400, down about $1,370 from the U.S. afternoon level.
The 50-week moving average, around 75,733, is back overhead, and 75,000 has turned from a floor into a ceiling.
ETH at around 2,126 and SOL at around 86.5 slid along with it, down about 4.5% and 2.9% respectively over 24 hours.
This isn’t a minor weekend wobble: 75,000 is the level we’ve been watching all week, and breaking it means another step down in weakness.
First, watch the area around 74,000, then the 200-day moving average at around 73,176.
But the closing price isn’t set yet: the weekly candle closes at 19:00. If it gets back above 75,000, this wick can be treated as a false breakdown for now.
Futures open first at 18:00. Tonight, we’ll see whether Asia steps in.
Just my personal opinion, not investment advice. I’m watching the weekly close—follow me to see the next level.
