🚨 $BTC Breaks $70K & $1.3B Liquidated: What Drives The Next Rebound?
$BTC is now at $68,354, down -4.49%
$ETH below $2,000
$SOL below $80
Why is the market falling?
1. Hot CPI - October CPI +0.4% vs 0.3% expected
2. December Fed Rate Hike odds now ~85%
3. 5 straight days of Spot ETF outflows, nearly $2B in November
4. Middle East tensions + Dollar Index at 19-month high
But listen...
Fear & Greed Index is at 19 - EXTREME FEAR.
RSI is near 14 - Deeply Oversold.
Funding rates are ice cold.
History says: When everyone is scared, smart money buys.
My Levels:
Support: $67,500 - If this breaks, next $64K
Resistance: $70K - $70.4K reclaim = relief signal
Rebound Target: $73,300
My view: Trend is still bearish, but a short squeeze towards $70K-$73K is normal before the next move. I will not panic sell here.
I am on SPOT only, no leverage. Slow profit > fast liquidation.
What do you think will drive the next rebound?
A) Softer inflation data
B) ETF flows turning positive
C) Stablecoin liquidity returning
D) Still more dump to $64K
Comment A, B, C or D below 👇
Not financial advice. DYOR.
#WhatWillDriveCryptoandStocksNextRebound? #BTC #Bitcoin #Crypto
$BTC is now at $68,354, down -4.49%
$ETH below $2,000
$SOL below $80
Why is the market falling?
1. Hot CPI - October CPI +0.4% vs 0.3% expected
2. December Fed Rate Hike odds now ~85%
3. 5 straight days of Spot ETF outflows, nearly $2B in November
4. Middle East tensions + Dollar Index at 19-month high
But listen...
Fear & Greed Index is at 19 - EXTREME FEAR.
RSI is near 14 - Deeply Oversold.
Funding rates are ice cold.
History says: When everyone is scared, smart money buys.
My Levels:
Support: $67,500 - If this breaks, next $64K
Resistance: $70K - $70.4K reclaim = relief signal
Rebound Target: $73,300
My view: Trend is still bearish, but a short squeeze towards $70K-$73K is normal before the next move. I will not panic sell here.
I am on SPOT only, no leverage. Slow profit > fast liquidation.
What do you think will drive the next rebound?
A) Softer inflation data
B) ETF flows turning positive
C) Stablecoin liquidity returning
D) Still more dump to $64K
Comment A, B, C or D below 👇
Not financial advice. DYOR.
#WhatWillDriveCryptoandStocksNextRebound? #BTC #Bitcoin #Crypto
