$BTC ๐ถ๐ ๐๐ฒ๐๐๐ถ๐ป๐ด ~$๐ฒ๐ต๐. ๐ง๐๐ผ ๐บ๐ฎ๐ท๐ผ๐ฟ ๐น๐ฒ๐๐ฒ๐น๐ ๐ฑ๐ฒ๐ฐ๐ถ๐ฑ๐ฒ ๐๐ต๐ฎ๐ ๐ต๐ฎ๐ฝ๐ฝ๐ฒ๐ป๐ ๐ป๐ฒ๐
๐ ๐๐
โข ๐ฌ.๐ฒ๐ญ๐ด ๐๐ผ๐น๐ฑ๐ฒ๐ป ๐ฃ๐ผ๐ฐ๐ธ๐ฒ๐: $69.1K (fighting right on it)
โข ๐ฎ๐ฌ๐ฌ-๐ช๐ฒ๐ฒ๐ธ ๐ ๐: ~$67.5K
๐ก ๐ช๐ต๐ ๐๐ต๐ฒ ๐ฎ๐ฌ๐ฌ๐ช๐ ๐ ๐ ๐ฎ๐๐๐ฒ๐ฟ๐:
It tracks the average of the last 200 weekly closes (~4 years of price history). Historically, this zone acts as Bitcoin's ultimate cycle floor. Scare wicks below it are completely normal, so focus on where the ๐๐ฒ๐ฒ๐ธ๐น๐ ๐ฐ๐ฎ๐ป๐ฑ๐น๐ฒ actually closes.
๐บ๏ธ ๐ง๐ต๐ฒ ๐ฅ๐ผ๐ฎ๐ฑ๐บ๐ฎ๐ฝ:
๐ ๐๐ฒ๐ฎ๐ฟ ๐๐ฎ๐๐ฒ: Lose both levels on a weekly close โ opens the door to $๐ฒ๐ฐ.๐ญ๐ (0.786 Fib).
๐ ๐๐๐น๐น ๐๐ฎ๐๐ฒ: Reclaim $๐ณ๐ฎ.๐ฒ๐ (0.5 Fib) โ sets up a relief push back to $๐ณ๐ฒ๐.
โ ๏ธ ๐ช๐ต๐ ๐๐ต๐ฒ ๐๐ฒ๐ฎ๐๐ ๐ฆ๐ฒ๐น๐น ๐ฃ๐ฟ๐ฒ๐๐๐๐ฟ๐ฒ?
Rising Fed rate-hike fears combined with nearly ~$๐ฎ๐ ๐ถ๐ป ๐ฆ๐ฝ๐ผ๐ ๐๐ง๐ ๐ผ๐๐๐ณ๐น๐ผ๐๐ this month are keeping buyers cautious.
Trade the levels, not hope. ๐ก๐๐. ๐๐ฌ๐ข๐ฅ. ๐
$BTC #bitcoin #CryptoTrading
โข ๐ฌ.๐ฒ๐ญ๐ด ๐๐ผ๐น๐ฑ๐ฒ๐ป ๐ฃ๐ผ๐ฐ๐ธ๐ฒ๐: $69.1K (fighting right on it)
โข ๐ฎ๐ฌ๐ฌ-๐ช๐ฒ๐ฒ๐ธ ๐ ๐: ~$67.5K
๐ก ๐ช๐ต๐ ๐๐ต๐ฒ ๐ฎ๐ฌ๐ฌ๐ช๐ ๐ ๐ ๐ฎ๐๐๐ฒ๐ฟ๐:
It tracks the average of the last 200 weekly closes (~4 years of price history). Historically, this zone acts as Bitcoin's ultimate cycle floor. Scare wicks below it are completely normal, so focus on where the ๐๐ฒ๐ฒ๐ธ๐น๐ ๐ฐ๐ฎ๐ป๐ฑ๐น๐ฒ actually closes.
๐บ๏ธ ๐ง๐ต๐ฒ ๐ฅ๐ผ๐ฎ๐ฑ๐บ๐ฎ๐ฝ:
๐ ๐๐ฒ๐ฎ๐ฟ ๐๐ฎ๐๐ฒ: Lose both levels on a weekly close โ opens the door to $๐ฒ๐ฐ.๐ญ๐ (0.786 Fib).
๐ ๐๐๐น๐น ๐๐ฎ๐๐ฒ: Reclaim $๐ณ๐ฎ.๐ฒ๐ (0.5 Fib) โ sets up a relief push back to $๐ณ๐ฒ๐.
โ ๏ธ ๐ช๐ต๐ ๐๐ต๐ฒ ๐๐ฒ๐ฎ๐๐ ๐ฆ๐ฒ๐น๐น ๐ฃ๐ฟ๐ฒ๐๐๐๐ฟ๐ฒ?
Rising Fed rate-hike fears combined with nearly ~$๐ฎ๐ ๐ถ๐ป ๐ฆ๐ฝ๐ผ๐ ๐๐ง๐ ๐ผ๐๐๐ณ๐น๐ผ๐๐ this month are keeping buyers cautious.
Trade the levels, not hope. ๐ก๐๐. ๐๐ฌ๐ข๐ฅ. ๐
$BTC #bitcoin #CryptoTrading