The crypto market’s most surreal spectacle today, all squeezed onto one line:
The dip buyers say the 200-week moving average at 67,990 is the bull market’s last line of defense. The three major bottoms in 2015, 2018, and 2020 all landed here, and it bounced off this level once earlier this year. At $BTC , the current price of 68,799 is only 800 bucks away—buy with your eyes closed and it’s free money.
The bears are laughing: that last line of defense is made to be broken. Today’s low of 67,568 has already pierced it once. ETFs saw $1.44 billion in outflows over five days, and no one’s stepping in even with the RSI below 30. If PPI comes in hot again at 21:30 tonight, 67,990 is just a signpost.
Which side are you on? A: 67,990 is the bottom—buy at 68,799 with your eyes closed. B: bottoms are made to be broken—watch 65,000 first.
$BTC $ETH
#比特币 #抄底 #PPI
The dip buyers say the 200-week moving average at 67,990 is the bull market’s last line of defense. The three major bottoms in 2015, 2018, and 2020 all landed here, and it bounced off this level once earlier this year. At $BTC , the current price of 68,799 is only 800 bucks away—buy with your eyes closed and it’s free money.
The bears are laughing: that last line of defense is made to be broken. Today’s low of 67,568 has already pierced it once. ETFs saw $1.44 billion in outflows over five days, and no one’s stepping in even with the RSI below 30. If PPI comes in hot again at 21:30 tonight, 67,990 is just a signpost.
Which side are you on? A: 67,990 is the bottom—buy at 68,799 with your eyes closed. B: bottoms are made to be broken—watch 65,000 first.
$BTC $ETH
#比特币 #抄底 #PPI