BTC wicked down to 72,700 and bounced back. What happens if the 0.5 Fibonacci level fails to hold?
BTC wicked down to 72,700, plunged, then bounced back. This isn’t random volatility—it landed right on the daily 0.5 Fibonacci level. Traders on the Square have already sounded the alarm: if this level gives way, things could get really messy—not just a minor pullback.
Funds are definitely shifting positions. ETH is now at $2,053.65, while SOL is hovering around $82.42. Neither has managed to fill the space BTC left behind. That suggests there’s no buying support in this downturn; people are just cashing out and leaving. Old Ma has always said that BTC taking the first hit doesn’t mean the money has disappeared—it’s just looking for its next landing spot. This rebound isn’t trustworthy.
Tonight, watch to see whether 72,700 holds. If it doesn’t, stay on the sidelines.
🐶 Come check out Old Ma’s little dog ✨🚀
BTC wicked down to 72,700, plunged, then bounced back. This isn’t random volatility—it landed right on the daily 0.5 Fibonacci level. Traders on the Square have already sounded the alarm: if this level gives way, things could get really messy—not just a minor pullback.
Funds are definitely shifting positions. ETH is now at $2,053.65, while SOL is hovering around $82.42. Neither has managed to fill the space BTC left behind. That suggests there’s no buying support in this downturn; people are just cashing out and leaving. Old Ma has always said that BTC taking the first hit doesn’t mean the money has disappeared—it’s just looking for its next landing spot. This rebound isn’t trustworthy.
Tonight, watch to see whether 72,700 holds. If it doesn’t, stay on the sidelines.
🐶 Come check out Old Ma’s little dog ✨🚀