$BTC
65,000 didn’t hold.
At 03:14, I was still writing 65,598, about 600 bucks above 65,000, waiting for it to test that level.
But overnight, it plunged straight through. It’s now at 64,423, down 6% in 24 hours.
This isn’t a test anymore—it’s a breakdown. If it doesn’t quickly reclaim the level after breaking down, don’t kid yourself that it’s just a fakeout.
I’m not buying the dip until it reclaims 65,000. The logic behind buying the dip was that 65,000 was support. Now that support has turned into resistance, and that logic is gone.
Looking lower, 62,000 is the next level, followed by the round-number mark of 60,000. At this point, it doesn’t look likely that Sunday’s close will reclaim the 200-week moving average at 67,900.
There’s an interesting on-chain figure: CryptoQuant says that during this sell-off, whales holding more than 1,000 coins added a total of 47,000, while mid-sized holders with 100 to 1,000 coins sold more than 50,000. Demand over the past 30 days is at its weakest since April 2025. Big holders are buying, mid-sized holders are selling. What about retail? Retail is catching falling knives.
ETH has also broken below 1,800. It’s now at 1,771, with 1,760 not far away.
At levels like these, I’m waiting for just two kinds of signals: one is a reclaim of 65,000—if it holds, I’ll follow, with a stop below 64,000 and targets at 67,900 first, then 71,000; the other is a sign of stabilization around 62,000. No signal, no move.
If the daily close breaks below 62,000, 60,000 will be right in front of us.
Weekend trading is thin. Don’t get carried away or go in too heavy.
This is personal analysis and not investment advice.
#BTC
65,000 didn’t hold.
At 03:14, I was still writing 65,598, about 600 bucks above 65,000, waiting for it to test that level.
But overnight, it plunged straight through. It’s now at 64,423, down 6% in 24 hours.
This isn’t a test anymore—it’s a breakdown. If it doesn’t quickly reclaim the level after breaking down, don’t kid yourself that it’s just a fakeout.
I’m not buying the dip until it reclaims 65,000. The logic behind buying the dip was that 65,000 was support. Now that support has turned into resistance, and that logic is gone.
Looking lower, 62,000 is the next level, followed by the round-number mark of 60,000. At this point, it doesn’t look likely that Sunday’s close will reclaim the 200-week moving average at 67,900.
There’s an interesting on-chain figure: CryptoQuant says that during this sell-off, whales holding more than 1,000 coins added a total of 47,000, while mid-sized holders with 100 to 1,000 coins sold more than 50,000. Demand over the past 30 days is at its weakest since April 2025. Big holders are buying, mid-sized holders are selling. What about retail? Retail is catching falling knives.
ETH has also broken below 1,800. It’s now at 1,771, with 1,760 not far away.
At levels like these, I’m waiting for just two kinds of signals: one is a reclaim of 65,000—if it holds, I’ll follow, with a stop below 64,000 and targets at 67,900 first, then 71,000; the other is a sign of stabilization around 62,000. No signal, no move.
If the daily close breaks below 62,000, 60,000 will be right in front of us.
Weekend trading is thin. Don’t get carried away or go in too heavy.
This is personal analysis and not investment advice.
#BTC
