$BTC Five consecutive weekly bearish candles!
Weekly close at 74,738, the lowest since August; broke below the 50-week moving average (the first break after holding above it for 7 consecutive weeks)!
$855 million liquidated Sunday night, 90% of them longs!
ETF outflows totaled $1.28 billion for the week, the worst since late June; short-term holders’ cost basis at 75,700 has been breached — institutions are retreating and trapped holders are capping the upside!
If CPI comes in hot again on Tuesday, 72,000 won’t hold!
Direction: short. Go short now!
Market order: enter at market, 74,915
Limit orders: short a rebound at 76,200
Targets: take half off at 72,000 → 70,000 → close out at 68,000
Stop-loss: 77,600 (limit order at 78,200)
Short! 🔥
#比特币连续五周下跌
Weekly close at 74,738, the lowest since August; broke below the 50-week moving average (the first break after holding above it for 7 consecutive weeks)!
$855 million liquidated Sunday night, 90% of them longs!
ETF outflows totaled $1.28 billion for the week, the worst since late June; short-term holders’ cost basis at 75,700 has been breached — institutions are retreating and trapped holders are capping the upside!
If CPI comes in hot again on Tuesday, 72,000 won’t hold!
Direction: short. Go short now!
Market order: enter at market, 74,915
Limit orders: short a rebound at 76,200
Targets: take half off at 72,000 → 70,000 → close out at 68,000
Stop-loss: 77,600 (limit order at 78,200)
Short! 🔥
#比特币连续五周下跌
