The 4H close is in — and 70,000 has officially broken.
Context: at 11:00 WIB today, the BTC 4H candle closed at 68,930 — below 70,000, with a low of 68,500. This is no longer a sweep like this morning: I still read the 10:00 move as a possible trap, but now we have a close below the level. ETH also closed its 4H candle at 1,933, well below 2,000, and SOL at 78.41, below 80. The backdrop is still the same: the dollar has strengthened to its highest level since April 2025, U.S. spot BTC ETFs saw outflows of around $1.44 billion over five sessions, and 24-hour liquidations topped $1.3 billion.
Bullish scenario: a 4H close back above 70,000 — the breakdown is invalidated, opening a path to 71,079 and then 71,680.
Bearish scenario: hold below 70,000 through the next 4H close — the next target is 66,500, a level traders have been mentioning since yesterday.
My conclusion: I’m leaning cautious while BTC is below 70,000. What I’m waiting for now is U.S. PPI tonight at 20:30 WIB — until then, without a reclaim of 70,000, I’m not looking for a long entry.
This is my analysis, not financial advice — always DYOR.
What do you think: will 70,000 be reclaimed before PPI tonight, or will it become new resistance?
#Bitcoin #AnalisisCrypto $BTC $ETH $SOL
Context: at 11:00 WIB today, the BTC 4H candle closed at 68,930 — below 70,000, with a low of 68,500. This is no longer a sweep like this morning: I still read the 10:00 move as a possible trap, but now we have a close below the level. ETH also closed its 4H candle at 1,933, well below 2,000, and SOL at 78.41, below 80. The backdrop is still the same: the dollar has strengthened to its highest level since April 2025, U.S. spot BTC ETFs saw outflows of around $1.44 billion over five sessions, and 24-hour liquidations topped $1.3 billion.
Bullish scenario: a 4H close back above 70,000 — the breakdown is invalidated, opening a path to 71,079 and then 71,680.
Bearish scenario: hold below 70,000 through the next 4H close — the next target is 66,500, a level traders have been mentioning since yesterday.
My conclusion: I’m leaning cautious while BTC is below 70,000. What I’m waiting for now is U.S. PPI tonight at 20:30 WIB — until then, without a reclaim of 70,000, I’m not looking for a long entry.
This is my analysis, not financial advice — always DYOR.
What do you think: will 70,000 be reclaimed before PPI tonight, or will it become new resistance?
#Bitcoin #AnalisisCrypto $BTC $ETH $SOL