$BTC is pinned around 67,800, and the 1H moving-average channel has shifted from support to overhead resistance.
Sentiment is icy. Leverage, however, hasn’t let up.
Nvidia executive turmoil abroad is weighing on U.S. tech stocks, while the shutdown of an on-chain treasury has also made market participants more cautious.
The 68,650 high-volume trading zone overhead coincides with the moving averages, leaving little room for a rebound.
The retail long/short ratio has surged to 3.24, yet the taker buy/sell ratio is only 0.74. They got in too early.
The market’s key threshold is clear: only a high-volume hold above 69,250 would signal that the decline has stabilized and strength is returning.
If the rebound is capped below 68,450, watch 66,600 first. If 65,050 breaks, it’s time to cut exposure across the board.
The trend hasn’t turned bullish yet. Keep cash on hand and wait for direction.
#BTC
Sentiment is icy. Leverage, however, hasn’t let up.
Nvidia executive turmoil abroad is weighing on U.S. tech stocks, while the shutdown of an on-chain treasury has also made market participants more cautious.
The 68,650 high-volume trading zone overhead coincides with the moving averages, leaving little room for a rebound.
The retail long/short ratio has surged to 3.24, yet the taker buy/sell ratio is only 0.74. They got in too early.
The market’s key threshold is clear: only a high-volume hold above 69,250 would signal that the decline has stabilized and strength is returning.
If the rebound is capped below 68,450, watch 66,600 first. If 65,050 breaks, it’s time to cut exposure across the board.
The trend hasn’t turned bullish yet. Keep cash on hand and wait for direction.
#BTC
