Post
x_Rex
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$BTC #BTC
🧧✨🧧
Bitcoin's $80K rejection has turned into a much tougher test.
BTC is trading near $74K, down around 1.4% in 24 hours, after touching roughly $73.5K.
The pressure is showing:
- Around $269M in crypto liquidations over 24 hours, mostly longs.
- Approximately $1.48B in US spot BTC ETF outflows since Nov 2.
- BTC has slipped below its 50-week moving average near $75.5K.
Now I'm watching two levels:
Recovery: Reclaim $75.5K and hold it on daily closes. That would be the first sign buyers are regaining control.
Downside: Lose the recent $73.5K low, and selling pressure could accelerate.
My base case? Caution until BTC reclaims the lost level. A bounce alone doesn't confirm a reversal.
Are buyers preparing a recovery, or is this just another pause before lower prices? 👀
Not financial advice.
🧧✨🧧
Bitcoin's $80K rejection has turned into a much tougher test.
BTC is trading near $74K, down around 1.4% in 24 hours, after touching roughly $73.5K.
The pressure is showing:
- Around $269M in crypto liquidations over 24 hours, mostly longs.
- Approximately $1.48B in US spot BTC ETF outflows since Nov 2.
- BTC has slipped below its 50-week moving average near $75.5K.
Now I'm watching two levels:
Recovery: Reclaim $75.5K and hold it on daily closes. That would be the first sign buyers are regaining control.
Downside: Lose the recent $73.5K low, and selling pressure could accelerate.
My base case? Caution until BTC reclaims the lost level. A bounce alone doesn't confirm a reversal.
Are buyers preparing a recovery, or is this just another pause before lower prices? 👀
Not financial advice.
