$BTC Bitcoin is back under the 50-week moving
average.
on Bitstamp that line sits at $78,706. price
tagged it and slipped. as long as weekly
candles close beneath that average, the
rebound from the $60,000s is still a rally
into resistance, not a confirmed trend shift.
the 50-week MA is where the last failed
bounce stalled. lose it and the path of least
resistance is another test of the $74,000-
$70,000 pocket, the mid-range of the
August impulse after $76,800 gave way.
that band is where buyers showed up
before. it is not a promise they show up
again. $75,600 already printed as a 25-day
low, so part of that drawdown is done.
#StrategyMarketCapPassesFord #US30YTreasuryYieldTops5.40% #ZamaOpens16ConfidentialMorphoVaults #FedRateWatch
average.
on Bitstamp that line sits at $78,706. price
tagged it and slipped. as long as weekly
candles close beneath that average, the
rebound from the $60,000s is still a rally
into resistance, not a confirmed trend shift.
the 50-week MA is where the last failed
bounce stalled. lose it and the path of least
resistance is another test of the $74,000-
$70,000 pocket, the mid-range of the
August impulse after $76,800 gave way.
that band is where buyers showed up
before. it is not a promise they show up
again. $75,600 already printed as a 25-day
low, so part of that drawdown is done.
#StrategyMarketCapPassesFord #US30YTreasuryYieldTops5.40% #ZamaOpens16ConfidentialMorphoVaults #FedRateWatch
